One graph to show the difference
between Hong Kong and Cuba
In the 1950s, Cuba and Hong Kong were on similar paths, with GDP per capita at about the global average. Then, as Dan Mitchell illustrates at International Liberty, “Hong Kong became a poster child for capitalism while Cuba became an outpost of Soviet communism”. Today, Hong Kong’s GDP has sky-rocketed to over $30,000, well above the average, while Cuba’s remains virtually unchanged.
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