Post-communism
1980s–1990s period of transition in communist states / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Post-communism?
Summarize this article for a 10 year old
Post-communism is the period of political and economic transformation or transition in post-Soviet states and other formerly communist states located in Central-Eastern Europe and parts of Latin America, Africa, and Asia, in which new governments aimed to create free market-oriented capitalist economies. In 1989–1992, communist party governance collapsed in most communist party-governed states. After severe hardships communist parties retained control in China, Cuba, Laos, North Korea, and Vietnam. SFR Yugoslavia began to disintegrate, which plunged the country into a long complex series of wars between ethnic groups and nation-states. Soviet-oriented communist movements collapsed in countries where they were not in control.[1][2]