Market, Socialist, and Mixed Economies

The analysis explores the economic development and social welfare of Chile, Cuba, and Costa Rica, each representing distinct economic systems: market, socialist, and mixed. Carmelo Mesa-Lago evaluates their policies and performance over decades, employing innovative ranking techniques against international benchmarks. The study spans thirty-eight years for Costa Rica and Cuba and twenty-four years for Chile, providing insights into how these varied socioeconomic models impact their respective outcomes in development and welfare.