Was the decision of the Chinese leaders to follow the economic success of their neighbours the key point behind the fall of the Iron Curtain?

Professor Douglas McWilliams argues that there was a "Domino Effect" in place, beginning with the economic success of Japan and Indonesia, going through China and then Russia and leading to the fall of international Communism.

This is an extract from the hour-long lecture entitled, "The Greatest Ever Economic Change", which is the first in a series of free public lectures to be delivered in London but then released online for free.
The transcript and downloadable versions of the first lecture is already available from the Gresham College website:

Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There is currently over 1,300 lectures free to access or download from the website.
Website: gresham.ac.uk
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