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 ?
(1) Traditionally, the term "transition economy" refers to the 28 countries of Central and Eastern Europe and the former Soviet Union that had initiated a shift from a centralized planned economy to a decentralized marketbased one.
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.
On the other hand, China is a huge transition economy, and we are still facing challenges in setting up market economy mechanisms to enable the market to play a bigger role in the country's economy.
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.g., Boisot & Child, 1996; Le, Kroll, & Walters, 2010; McMillan & Woodruff, 2000; Peng, 2003), these findings offer evidence that transition economies go through similar stages during their market-oriented transformation, and at a given point in time their corporate governance is dissimilar because they are in different transition stages.
Succeeding in a transition economy; survival strategies in Eastern Germany.
The regulative pillar has traditionally been the focus in the transition economy literature, emphasizing state-level policies rather than organizational-level strategies (Peng, 2003).
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.
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