0
Economic transition means the process of transitioning of countries from different economic systems. There are basicly 3 main types of economic systems. They are free market, command planned, and mixed economy. (Different books and academics may have different terms for these. What is important is the understanding of the differences). For example, economic transition refers to one country evolving from one economic system to another. It can be said that Country A is moving from command planned to free market. What is interesting about Economic Transitions are the issues faced by the country. There can be many issues like corruption, poverty, social unrest and so on.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What kind of economic system does Macedonia have?
Macedonia has a transition or transitional economy!
Is China a contemporary example of an economic system in transition?
IF true or false it is true
What is the current economic system of Montenegro?
They are currently in transition from federally state ran economy to a market economy.
What is a transition economy?
A transition economy or transitional economy is an economy which is undergoing structural changes, changing from one type of economic system to another type.Transition economies usually refer to economies undergoing a transition from a centrally planned economy to a market economy. These type of economies undergo economic liberalization (introducing market forces for prices), economic restructuring, privatization of state enterprises, and the creation of a financial sector (which takes the role of the dismantled planning system).A transition economy may also refer to a long term process of building socialism, in which a capitalist economy undergoes rapid development with the eventual goal of establishing a socialist economic system. Today countries such as Cuba and Vietnam are still officially undergoing transition from rural economies or mixed economies to socialism (in Vietnam the system is officially called "socialist-oriented market economy").
What are examples of economic systems?
Some examples of of economic systems are goods and services,money,and choices.
What kind of economic system does Macedonia have?
Macedonia has a transition or transitional economy!
Is China a contemporary example of an economic system in transition?
IF true or false it is true
What has the author Kang Chen written?
Kang Chen has written: 'The Chinese economy in transition' -- subject(s): Economic policy, Economic conditions
What is migration transition?
Change in the migration pattern in a society that results from industrialization, population growth, and other social and economic changes that also produce the demographic transition.
What is the current economic system of Montenegro?
They are currently in transition from federally state ran economy to a market economy.
What has the author Jan Winiecki written?
Jan Winiecki has written: 'Transition Economies and Foreign Trade (Routledge Studies of Societies in Transition, 17)' 'The Polish transition programme at mid-1991' 'The distorted world of Soviet-type economies' -- subject(s): Economic policy 'Institutional Barriers to Economic Development' 'The Transition of post-Soviet-type economies' 'Economic prospects--East and West' -- subject(s): Capitalism, Communism, Comparative economics, Economic aspects of Communism, Economic conditions
What has the author Carol J Mehlhaff written?
Carol J Mehlhaff has written: 'The American economy in transition' -- subject(s): Bibliography, Economic policy, Economic conditions
What has the author Andrei Schleifer written?
Andrei Schleifer has written: 'The economics and politics of transition to an open market economy' -- subject(s): Economic stabilization, Privatization, Economic conditions
What has the author Dowell Myers written?
Dowell Myers has written: 'Immigrants and boomers' -- subject(s): Age distribution (Demography), Demographic transition, Economic aspects, Economic aspects of Age distribution (Demography), Economic aspects of Demographic transition, Emigration and immigration, Government policy, Immigrants, Population, Social aspects 'Cohorts and socioeconomic progress' -- subject(s): Social conditions, Statistics, Economic conditions, Census, 22nd, 2000
What has the author Michael Beenstock written?
Michael Beenstock has written: 'The world economy in transition' -- subject(s): Economic history
What has the author Herbert Ray Buchanan written?
Herbert Ray Buchanan has written: 'Soviet economic policy for the transition period'
What is a transition economy?
A transition economy or transitional economy is an economy which is undergoing structural changes, changing from one type of economic system to another type.Transition economies usually refer to economies undergoing a transition from a centrally planned economy to a market economy. These type of economies undergo economic liberalization (introducing market forces for prices), economic restructuring, privatization of state enterprises, and the creation of a financial sector (which takes the role of the dismantled planning system).A transition economy may also refer to a long term process of building socialism, in which a capitalist economy undergoes rapid development with the eventual goal of establishing a socialist economic system. Today countries such as Cuba and Vietnam are still officially undergoing transition from rural economies or mixed economies to socialism (in Vietnam the system is officially called "socialist-oriented market economy").
