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Q: Is the transition to a free market economy has been disastrous for the Central Asian Republics?
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What does the economy of China is is in transition mean?

The economy is moving from central planning toward a market-based system.


The economy of china is in transition .what does this mean?

The economy is moving from central planning toward a market-based system.


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What does it mean when china is in transition?

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Why is Israel is a command economy country?

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How did the fall of the soviet union affect the world in the long run?

It ended communism. So for some of the former republics, the transition from communicsm to a new government has been challenging. Such transitions trubled the region. It worsened the economies of most of the republics (only the baltics were successfull). Russia for one really slumped down economically, Ukraine and belarus have kind of the same. two caucasian republics fought each other, and the central Asian states became very poor