The alternative strategy for development that emerged with the establishment of the Soviet Union in 1917 and spread after World War II to eastern Europe, China, and Cuba was called
A) state socialism.
B) import substitution.
C) free market protectionism.
D) export-led growth.

Question

Quizplus · Accepted Answer

The alternative strategy for development that emerged with the establishment of the Soviet Union in 1917 and spread after World War II to eastern Europe, China, and Cuba was called state socialism. This approach advocated for the nationalization of major industries, central planning of the economy, and collective ownership of property. The state played a dominant role in the economy, directing investment and production decisions, and rationing resources.

The Alternative Strategy for Development That Emerged with the Establishment