Nobody downloaded yet

Discuss the relationship between the informal economy in the socialist states and the emergence of capitalism in these states after 1989 - Essay Example

Comments (0) Cite this document
Socialist states, according to Marx are the ones that have put an end to capitalism and going through the phase of social and economic development that is eventually replaced by communism. Conversely a communist state observes a single party rule following the communist concept of ruling a state…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Discuss the relationship between the informal economy in the socialist states and the emergence of capitalism in these states after 1989
Read TextPreview

Extract of sample "Discuss the relationship between the informal economy in the socialist states and the emergence of capitalism in these states after 1989"

Download file to see previous pages This was referred to as the socialist experiment that became defunct in the year 1989 throughout the Eastern Europe for unidentified reasons, eventually resulting in the end of the Soviet Union in 1991. This in turn, unlocked new doors of transitions and socio cultural transitions in the region.
The formal economy is the essence of the contemporary perceptive of the states following the capitalist concept to influence the globe whereas the informal economy is the unpredictable or irregular perception designed and practiced by specific people although these are less powerful than the ones endorsed by dominant power and wealth.
The study of the same era and the historical accounts help one to understand the theory of socialism and its practice as well as the changes that occurred from region to region. For instance China, the largest country in East Asia developed into a socialist state in 1949 and the Republic of Cuba witnessed the Cuban Revolution that led to the overthrow of the Dictator government of Cuban President Fulgencio Batista on January 1, 1959 by the 26th of July movement and other revolutionary organizationsin 1959, and was declared a socialist state in 1961.
The trends occurring in socialist and post socialist Eastern Europe and akin in the capitalist West, such as privatization, the growth of neo-liberalism or the weakening of the welfare state resulted in many changes over the years. According to Pine (1996) the importance of class and gender equality became bona fide in the Eastern European states after the end of socialist states therefore allowing equal rights to the women with the likes of men in the society. As in Poland where previously extremely progressive rights were practiced that failed to be implemented in the socialist period. The Eastern Europe observed the same with women consigned to the private sphere, depriving them of basic rights. The same observation has been derived by Foucault (1991) regarding the improvement in the governmental operations in terms of practicality and efficiency through the historical perspective by learning and inventing innovative likewise improved plans of governing. Disparagement further stimulates such progress through the modifications in actions and extensions of limits.
If we study the comparisons of some post socialism countries, using ethnographic examples we come to know that vast diversities from Hungary, Romania and Transylvania considering each nation has a different backdrop of the post socialism period along with specific array of tribulations. The Hungarian ethnographers demonstrated dissimilarities in personalities, interests and specializations between the North American and native European ethnographic studies. In Eastern Europe citizens were faced with colonialists, Western and capitalist society settings. Considering similar issues the anthropological studies and comparisons of the Eastern Europe with the Third and fourth world countries were conciliatory. As Verdery (1999) points out the presence of additional features of socialism that made general ideas significant for normal people living in regions having ethnic groups amalgamated rather than territorially ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Discuss the relationship between the informal economy in the socialist Essay”, n.d.)
Discuss the relationship between the informal economy in the socialist Essay. Retrieved from
(Discuss the Relationship Between the Informal Economy in the Socialist Essay)
Discuss the Relationship Between the Informal Economy in the Socialist Essay.
“Discuss the Relationship Between the Informal Economy in the Socialist Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Discuss the relationship between the informal economy in the socialist states and the emergence of capitalism in these states after 1989

United States Economy

.... But the civil war which began in April 1861 nearly destroyed everything. However, the country came out of the war with economic tools to put up the strongest economy in the world. Within 30 years, the United States led the whole world in manufacturing. After 80 years, it contained half of the world’s industry. From 1871 to 1890, United States experienced the second industrial revolution. These are social and economic changes that result from wide use of machines in production. Inventions made work easier and safer and this created the whole industry. Factories started operating using mass production and all this led to growth of the economy....
6 Pages(1500 words)Research Paper

The United States Economy: Outline

...knowledge and physical infrastructure upgrades. c. Move towards higher engineered products 5. Fixing the trade imbalance a. Highlight the effect of a trade imbalance b. Highlight steps that can be taken to fix the trade imbalance 6. Conclusion The United States Economy The United States of America is an economic powerhouse, and is the largest economy in the world. According to the CIA World Factbook (2011) it is the case that the U.S. economy has an official GDP $14.62 trillion in 2010. However, the economy of the United States is experiencing a number of challenges. Without question the recent economic downturn has had...
3 Pages(750 words)Essay

Relationship Between SES and Child development in the United States

...?Homeless Children in Florida & the United s: What Can We Do About It? Introduction: Florida is the fourth highest populated in United States and thirtieth in the nation. Because of this growing population there are many people who are becoming homeless. Among these people the count of children is more. There are many children who are not made to live without shelter for even a single day but because of miss happenings and unconditional activities these small little lives have to accept these situations. Many organizations and societies are there who are helping these children’s by providing food, shelter and clothes. Many organizations are collecting funds from common people to provide education to these children’s....
8 Pages(2000 words)Essay

Economy of the United States: come to a clearer and more knowledgeable understanding on this subject matter, all elements and key factors in regards to the U.S. economy must be fully and thoroughly discussed. The aim of this paper is to do this, as well as investigate and moralize the factors in relation to this, in order to reach a more intellectual and critical point of view on the issue at hand. This is what will be dissertated in the following. The United States is often described as a 'capitalist' economy, and although Americans often disagree about exactly where to draw the line between their beliefs in both free enterprise and government management, the mixed...
15 Pages(3750 words)Essay

Relationship between China and the United States

...China and the United s in the twenty-first century: Rivals or Partners' When does a foe become a friend' Can a relationship between two powerful nations historically surrounded with deep mistrust be transformed into friendship' Can two nations profoundly divided by an irreconcilable ideology, wherein victory of one means death of the other, simply put everything away and suddenly be allies' Can China, its government and its people, which pride has been deeply wounded by an arrogant nation forgive and forget' Can the United States, which since World War II has proclaimed itself the police of the world, and which since after the Cold War against communist Russia is left the...
10 Pages(2500 words)Case Study

Economy of United States

...of regulation added to the crisis reaching gigantic proportions. In conclusion, it appears increasingly unlikely that the crisis is going to abate anytime soon. Thus, the focus now should be on next steps and how to prevent another such crisis from engulfing the national economy. SOURCES Philips, Kevin. Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. New York: Penguin, 2008. Philips, Kevin. After the Fall: The Inexcusable failure of American Finance. New York: Penguin, 2009. Foster, Peter. "No Fallen temple". FP Comment. 23 Sep 2008. 22 Nov 2008.
8 Pages(2000 words)Essay

Trade Relationship between Hong Kong and United States

...Economic Performance Economic Performance Submitted 3rd February 2009 3rd February 2009 a) The United States and Vietnam signed a Bilateral Trade Agreement which allowed the two countries in the year 2001 which allowed the overall relations between the two countries to improve and was considered a milestone by many. The trade level after this agreement resulted in a huge expansion in the trade levels as by the year 2007, the amount that was being traded accumulated to 12.5 billion dollars in the year 2007, a he rise from the 2.91 billion dollars trade amount in the year 2002. As a result of this agreement, the trade regime of Vietnam entirely changed as this included provisions on...
3 Pages(750 words)Essay

Dispute Settlement between States

...DISPUTE SETTLEMENT BETWEEN S: THE IRAN-U.S. CLAIMS TRIBUNAL CASE AND THE LA GRAND CASE Introduction Peaceful settlementof international disputes is considered the main objective in maintaining peace and security as legislated in significant principles of Article 2(3) of the United Nations Charter. The legislation states that all members of the United Nations are to settle international disputes in a manner that shall not endanger international peace, security, and justice. Article 33(1) of the United Nations Charter also discusses direct and peaceful settlement of international disputes where states are to settle their disputes by means of negotiation, inquiry,...
8 Pages(2000 words)Essay

Socialist Critique of Capitalism

...HUMAN NATURE AND THE SOCIALIST CRITIQUE OF CAPITALISM The socialist critique of capitalism holds that a capitalistic is naturally an oppressive state. Although there may be variations in socialist thought, it can be said that a socialist critique of capitalism argues from the standpoint that man is by nature greedy and selfish. Karl Marx and Fredrick Engels (1847) argued that the development of societies toward capitalism seen historically shows the rise to power of the bourgeoisie in monopolizing the means of production, and thus leading to the oppression of the proletariat. It is...
4 Pages(1000 words)Essay

Analyzing the Relationship between United States and North Korea

...Analyzing the relationship between United s and North Korea The relationship between the Capitalist giant, United s, and the Communist North Korea started on a wrong note during the Korean War of the 1950s. The war that was fought between the Chinese supported North and US supported South made a mark on the then relationship between the two nations and has since then defined the path for their ongoing hostility and lack of communication. Kim Il Sung, also known as the “Great Leader”, took control over the North part of Korea and enforced Stalinist government which resulted in the United States aggression...
4 Pages(1000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Discuss the relationship between the informal economy in the socialist states and the emergence of capitalism in these states after 1989 for FREE!

Contact Us