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Mmm. There are several other factors that are probably more important to that picture than 'socialism' . Actually you already alluded to them in an earlier post about the soviet block. One of the key factors in communist states becoming stuck in a war communism paradigm was the absolute opposition of the USA to anything seen as a threat to capitism and the democratic economy. Opposition which was interventionist, aggressive and far reaching. Up to and including involving themselves in postwar French elections when it looked possible a communist party win was on the way.
There are lots of reasons communism failed. But being permanently on the defensive and ever actually getting to a stage where the state wasn't under overt and covert attack from a powerful enemy most certainly did not help.
As for Cuba, alongside all the above. I suspect longstanding sanctions, economic isolation and coastal waters full of mines may have affected their economic development.
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