Transitional Economy
A
transitional economy
is an economy which is changing from a
planned economy
to a
free market
. The countries of the former
Soviet bloc
have transition economies. The
People's Republic of China
,
Cambodia
and
Viet Nam
are sometimes included. These economies and their dynamics have been the subject of extensive study by proponents of
economic development
such as the
World Bank
.
External links
Article on Everything2
Policy Research Working Papers from the World Bank
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