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China, Vietnam, and Laos are growing at a phenomenal rate. At the same time, these countries are reducing poverty at a rate that appears to defy global trends. Although these countries are dominated by Marxist parties, they have developed an economic model that is a hybrid of capitalism and socialism. This lectures helps us understand what it is that they are attempting to accomplish in light of Lenin’s work on the New Economic Policy.
Lecture delivered at Diyal Singh College faculty seminar.