Transition Economies (Russia)

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types of economic systems include: the free market system, the planned system and the mixed economic system. The most common transition between economic systems in countries is from a central planning system to a free market system, this is as after the collapse of communism in the late 1980's, countries of the former Soviet Union and some others as well decided to embrace market capitalism and abandon central planning. Due to this decision happening quite late, most of these transition economies have faced severe short-term difficulties and long-term constraints on development (Economics Online). The research question for this investigative essay being `why do countries transition from an economic system to another and how does this change affect a country?' makes the essay focus on the causes and consequences of transitioning from an economic system to another for a country. This essay will therefore talk about the causes and consequences of Russia's transition from a ...

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100
565
789
Poland
690
9
25
112
122
Portugal
13.3
20
30
191
202

This table of information with basic economic data on countries that have gone through a transition between economies serves to prove that certain countries ...

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