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Q: How have the economies of the independent republics that used to be under the control of the soviet union benefited from the end of communist control?
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What are the mainland territories and republics in caricom?

Guyana, Belize and Suriname


What is desirability of the worldwide movement towards the market economy and away from the planned economy?

The market economy has limited government intervention and relies on the profit motive and consumer sovereignty. It has proved more successful in raising living standards, economic growth and economic efficiency. Consumers benefit from more choice and lower prices. Planned economies were state-run with economic plans and large scale government intervention. The result was low living standards although employment was usually available and a basic quality of life resulted. The move to market economies brought beneficiaries and casualties. Russia illustrates the increase in millionaires while unemployment and poverty grew. Some East European economies are making fast progress while some former USSR republics are struggling.


What are some of the problems facing the economies of the former communist nations?

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Which economy has suffered greatly after the Cold War?

The Russian, and almost all eastern european countries, and a lot of the former soviet republics


What was the name of the two different economic system that the soviet union and the united state had?

The US economy is based on a 'free enterprise' or 'free market' system although the US Government has a lot of economic rules and regulations that it enforces. But basically the US has a so-called 'market economy'. The Communist USSR had a 'planned economy' which meant that all economic activities, often down to specific output levels for products, were centrally planned ahead by the USSR Government, usually for five-year periods.

Related questions

In 1991 what split into 15 independent republics when its communist government lost power?

The SOVIET UNION split into fifteen republics in 1991 when the Communist government in Moscow was unable to hold onto power.


What were Texas and Vermont before they became a part of the US?

They were independent republics.


What did Russia and its neighboring republics become known as after they became communist?

Union of Soviet Socialist Republics (U.S.S.R.)


What type of government does most of Latin America have?

Most of them are republics. Some are federal republics, some are centralized republics; there is one communist regime in Latin America (Cuba).


What are the type of economics?

There are command economies, which you would find in a dictatorship or true monarchy, free economies, which you would find in Democracies or Republics, there is the mixed economy, Which is what we have, and finally there is the traditional economy which describes tribal and agricultural economies.


What was russia called when it was controlled by a communist goverpnment?

USSR - The Union of Soviet Socialist Republics.


How have former Communist hardliners challenged democracy in the former Soviet republics?

Former communist hardliners have challenged the democratically elected people in former Soviet republics by stating that democracy has not worked. For the most part, their statements are having little effect.


What were Vermont and Texas before they became part of the US?

They were independent republics.


What started a series of independence movement in the Yugoslavian republics beginning in the early 1990s?

Communist party


When Following the breakup of the Soviet Union the former Soviet republics began shifting to economies.?

Free Market


What were Texas and Vermont before they became part of the United States?

They were independent republics


Is Slovenia one of the six republics of which country?

Slovenia used to be one of the six republics of Yugoslavia from 1943 to 1991. Since 1991 it is an independent country.