transition economy

(redirected from Economies in transition)
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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 ?
In his paper on unemployment and job search in the socialist economies in transition, Paul Gregory states that under central planning, unemployment simply ceased to exist--by definition.
The Conference on Economic Statistics for Economies in Transition provided a rich basis for mutural cooperation and further understanding of the difficulties ahead.
(5) Paul Marer, "Conceptual and Statistical Problems of Comparative Measurement of the Economic Performance of Eastrn European Countries in Transition," Discussion Paper, February 1991, in Conference on Economic Statistics for Economies in Transition: Eastern Europe in the 1990's, pp.
(8) Abram Bergson, "Real National Income Measurement: In Soviet Perspective," Discussion Paper, February 1991, in Conference on Economic Statistics for Economies in Transition: Eastern Europe in the 1990's, pp.
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