Che Guevara's Cuba and John Cowperthwaite's Hong Kong: a six-decade natural experiment

Monnery, N. (1 December 2019) Che Guevara's Cuba and John Cowperthwaite's Hong Kong: a six-decade natural experiment. LSE Business Review.
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In 1960, Cuba and Hong Kong had a similar level of GDP per capita at around $4,500 in today's money[1]. By 2018 Cuba's GDP per capita had risen to around $9,000. By contrast, Hong Kong had reached $64,000 per capita, a similar level to the US and Switzerland. Over 60 years, Cuba had doubled its economic prosperity where Hong Kong had achieved a 14-fold increase.

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