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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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Data control and the housing of data are both critically important in the digital transformation economy. However, 60% of Nordic decision makers cannot say for sure where or even in which country their data resides.
Fort Lauderdale, FL, December 12, 2018 --(PR.com)-- FluidChains, a global blockchain technology solutions provider, and the ExOFoundation, an organization dedicated to migrating society to abundance recently launched the CivX Transformation Economy and its native digital asset, the CIVX token.
The CivX Transformation Economy is the product of several years of work to create a viable end to end blockchain based tokenized economy for ExO Ecosystem.
With the digital transformation economy set to be worth $2.2 trillion by 2019, according to analyst IDC, emerging technologies are having an impact on many areas of business, and GITEX Technology Week will bring together UAEbased and international technology companies, governments, startups and futurists to showcase how innovations -- from artificial intelligence, to blockchain and virtual reality -- are transforming the lives of the community.
The technology investment market opportunity is strong, as evidenced by the Digital Transformation economy's growth projection of 60 per cent from 2016 to $2.2 trillion (Dh8 trillion) by 2019, according to an IDC research report.
In support of the vision of the wise leadership to build a global capital for the future,Hamdan Bin Mohammed Smart University (HBMSU) has signed a Memorandum of Understanding (MOU) with Holistic to collaborate on initiatives that will pave the way for Dubai to become a 'transformation economy' from being an 'experience economy.' The MoU is in response to the directives of H.H.
Al Awar concluded: "As we believe in the importance of taking proactive steps to embody the goals of Dubai 10X initiative, we vow to make a positive change in education and other vital sectors to accelerate the emirate's transition from experience-based economy into a transformation economy. We will rely on comprehensive and innovative strategies, transformational solutions, and methods of thinking combining human wisdom and technological innovations.
"It's a transformation economy, where even its pasta is made from 40% imported cereal and its Mozzarella from 40% dairy imports such as liquid cream or semi-processed cheeses."
Once the Experience Economy has peaked, the Transformation Economy will take over.
In the Transformation Economy, carriers will ensure policyholders - that is, aspirants will secure an actual event, situation, or outcome.
According to IDC, the technology investment market opportunity is strong, as evidenced by the digital transformation economy's growth projection of 60% from 2016 to $2.2trn by 2019.
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