Despite initial rapid economic growth, the Soviet command economy eventually collapsed in 1991. Understand the events leading up to the dissolution of the USSR.

Discover how the now-defunct Soviet economic system affected domestic consumer goods markets. Learn more about how the Soviet government produced goods for consumers.

Chinese leader Xi Jinping is entering trade negotiations with a grand strategy inspired by his understanding of what the ...

The disintegration of the Soviet Union, followed by a food crisis in the aftermath of a series of natural disasters pushed North Korea into an economic crisis.

But China is not the Soviet Union. It is not an isolated command economy, nor an empire straining under the weight of its military overreach.

Mr. Ryzhkov, who ascended to the Soviet Union’s second most powerful post in 1985, took much of the blame for the economic collapse that led to the country’s dissolution in 1991.

On the Republican side, why don’t they get the idea that mutually advantageous trade leads to lower prices, higher employment ...

Immigration attorney Peter Lumaj cautions Americans about socialist policies after Mamdani's primary win, citing his ...

Mikhail Gorbachev – the last leader of the former Soviet Union from 1985 until 1991 – has died at the age of 91.

However, he saw his work as a return to the principles of Soviet founder Vladimir Lenin and an attempt to rebuild the failing command economy and humanise the rigorous communist doctrine.

Nikolai Ryzhkov, a premier of the Soviet Union who in 1990 took the brunt of the blame for economic chaos that engulfed the last years of communist rule, leading to the nation’s political col… ...