transition economy


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transition economy

a term used to describe a country the economic system of which is moving away from a CENTRALLY PLANNED ECONOMY based upon a centralized national plan to a decentralized PRIVATE-ENTERPRISE ECONOMY based upon the PRICE SYSTEM.
References in periodicals archive ?
The book begins with an overview of the transition economy and the Chinese city, along with a review of current literature on urban China in transition.
Abstract This study examines the role of institutions in explaining the FDI entry mode choices of transition economy firms.
In addition, the existing body of knowledge seems to overlook some important factors that may put a transition economy at a greater risk during a financial crisis.
This paper highlights the main issues surrounding the performance of transition economy labor markets, reviews these within the framework of a consistent set of macroeconomic data, identifies areas of agreement and those where further research is needed, and draws policy conclusions where possible.
This paper presents a model that shows how and why it may be more difficult for a transition economy to satisfy the Maastricht criteria on debt and inflation than it is for a mature market economy.
However, according to a number of transition economy researchers (e.
A transition economy is one that is changing from a centrally planned economy toward freer markets and increased entrepreneurship.
Consider a game played by the government of a transition economy and a foreign firm.
Sevki Sarilar, General Manager of DKIB, said, "Our vision is to be a leading customer-oriented bank focused on supporting the private sector in the transition economy of the Kyrgyz Republic.
Using data from the 1992 Romanian Census, the authors analyze the effect of this policy in the context of a transition economy that experienced a decline in manufacturing and a reallocation of labor to new jobs.
Guyana is a transition economy moving from an economically unsuccessful experiment with socialism in the late 1970s and 1980s to an Economic Recovery Program in 1988 with reforms and privatization, which generated strong growth and development in mining and agriculture.
Facilitate the integration of developing and transition economy firms into the multilateral trading system.
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