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Transition economy

Index Transition economy

A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. [1]

86 relations: Access to finance, Acquis communautaire, Africa, Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Botswana, Bulgaria, Cambodia, Capital (economics), Cato Institute, Central and Eastern Europe, China, Comecon, Corporatization, Creative destruction, Croatia, Czech Republic, David R. Henderson, East Germany, Eastern Bloc, Economic liberalization, Estonia, Europe, European Bank for Reconstruction and Development, European Union, Export-oriented industrialization, Financial services, Gérard Roland (economist), Georgia (country), Gini coefficient, Hungary, International Monetary Fund, Iran, Kazakhstan, Kosovo, Kyrgyzstan, Laos, Latin America, Latvia, Liberty Fund, Lithuania, Market economy, Marketization, Michael Kaser, Mixed economy, Moldova, Monetary overhang, ..., Mongolia, Montenegro, Non-bank financial institution, OmniScriptum, Phare, Planned economy, Poland, Polity data series, Post-Soviet states, Privately held company, Privatization, Real socialism, Republic of Macedonia, Right to property, Romania, Routledge, Russia, Serbia, Serbia and Montenegro, Shock therapy (economics), Slovakia, Slovenia, Social safety net, Soviet Union, Soviet-type economic planning, Tajikistan, Technical Aid to the Commonwealth of Independent States, Third World, Treuhandanstalt, Turkmenistan, Ukraine, University of Michigan, Uzbekistan, Vietnam, Washington Consensus, World Bank. Expand index (36 more) »

Access to finance

Access to finance is the ability of individuals or enterprises to obtain financial services, including credit, deposit, payment, insurance, and other risk management services.

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Acquis communautaire

The Community acquis or acquis communautaire, sometimes called the EU acquis and often shortened to acquis, is the accumulated legislation, legal acts, and court decisions which constitute the body of European Union law.

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Africa

Africa is the world's second largest and second most-populous continent (behind Asia in both categories).

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Albania

Albania (Shqipëri/Shqipëria; Shqipni/Shqipnia or Shqypni/Shqypnia), officially the Republic of Albania (Republika e Shqipërisë), is a country in Southeastern Europe.

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Armenia

Armenia (translit), officially the Republic of Armenia (translit), is a country in the South Caucasus region of Eurasia.

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Azerbaijan

No description.

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Belarus

Belarus (Беларусь, Biełaruś,; Беларусь, Belarus'), officially the Republic of Belarus (Рэспубліка Беларусь; Республика Беларусь), formerly known by its Russian name Byelorussia or Belorussia (Белоруссия, Byelorussiya), is a landlocked country in Eastern Europe bordered by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest.

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Bosnia and Herzegovina

Bosnia and Herzegovina (or; abbreviated B&H; Bosnian and Serbian: Bosna i Hercegovina (BiH) / Боснa и Херцеговина (БиХ), Croatian: Bosna i Hercegovina (BiH)), sometimes called Bosnia-Herzegovina, and often known informally as Bosnia, is a country in Southeastern Europe located on the Balkan Peninsula.

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Botswana

Botswana, officially the Republic of Botswana (Lefatshe la Botswana), is a landlocked country located in Southern Africa.

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Bulgaria

Bulgaria (България, tr.), officially the Republic of Bulgaria (Република България, tr.), is a country in southeastern Europe.

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Cambodia

Cambodia (កម្ពុជា, or Kampuchea:, Cambodge), officially known as the Kingdom of Cambodia (ព្រះរាជាណាចក្រកម្ពុជា, prĕəh riəciənaacak kampuciə,; Royaume du Cambodge), is a sovereign state located in the southern portion of the Indochina peninsula in Southeast Asia.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Cato Institute

The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.

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Central and Eastern Europe

Central and Eastern Europe, abbreviated CEE, is a term encompassing the countries in Central Europe (the Visegrád Group), the Baltic states, and Southeastern Europe, usually meaning former communist states from the Eastern bloc (Warsaw Pact) in Europe.

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China

China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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Comecon

The Council for Mutual Economic Assistance (English abbreviation COMECON, CMEA, or CAME) was an economic organization from 1949 to 1991 under the leadership of the Soviet Union that comprised the countries of the Eastern Bloc along with a number of communist states elsewhere in the world.

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Corporatization

Corporatization is the process of transforming state assets, government agencies, or municipal organizations into corporations.

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Creative destruction

Creative destruction (German: schöpferische Zerstörung), sometimes known as Schumpeter's gale, is a concept in economics which since the 1950s has become most readily identified with the Austrian-American economist Joseph Schumpeter who derived it from the work of Karl Marx and popularized it as a theory of economic innovation and the business cycle.

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Croatia

Croatia (Hrvatska), officially the Republic of Croatia (Republika Hrvatska), is a country at the crossroads of Central and Southeast Europe, on the Adriatic Sea.

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Czech Republic

The Czech Republic (Česká republika), also known by its short-form name Czechia (Česko), is a landlocked country in Central Europe bordered by Germany to the west, Austria to the south, Slovakia to the east and Poland to the northeast.

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David R. Henderson

David R. Henderson (born November 21, 1950) is a Canadian-born American economist and author who moved to the United States in 1972 and became a U.S. citizen in 1986, serving on President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984.

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East Germany

East Germany, officially the German Democratic Republic (GDR; Deutsche Demokratische Republik, DDR), existed from 1949 to 1990 and covers the period when the eastern portion of Germany existed as a state that was part of the Eastern Bloc during the Cold War period.

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Eastern Bloc

The Eastern Bloc was the group of socialist states of Central and Eastern Europe, generally the Soviet Union and the countries of the Warsaw Pact.

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Economic liberalization

Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical liberalism.

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Estonia

Estonia (Eesti), officially the Republic of Estonia (Eesti Vabariik), is a sovereign state in Northern Europe.

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Europe

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.

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European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Export-oriented industrialization

Export-oriented industrialization (EOI) sometimes called export substitution industrialization (ESI), export led industrialization (ELI) or export-led growth is a trade and economic policy aiming to speed up the industrialization process of a country by exporting goods for which the nation has a comparative advantage.

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Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.

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Gérard Roland (economist)

Gérard Roland (born 1954) is a Belgian economist, and a professor of economics and political science at the University of California, Berkeley.

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Georgia (country)

Georgia (tr) is a country in the Caucasus region of Eurasia.

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Gini coefficient

In economics, the Gini coefficient (sometimes expressed as a Gini ratio or a normalized Gini index) is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, and is the most commonly used measurement of inequality.

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Hungary

Hungary (Magyarország) is a country in Central Europe that covers an area of in the Carpathian Basin, bordered by Slovakia to the north, Ukraine to the northeast, Austria to the northwest, Romania to the east, Serbia to the south, Croatia to the southwest, and Slovenia to the west.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Iran

Iran (ایران), also known as Persia, officially the Islamic Republic of Iran (جمهوری اسلامی ایران), is a sovereign state in Western Asia. With over 81 million inhabitants, Iran is the world's 18th-most-populous country. Comprising a land area of, it is the second-largest country in the Middle East and the 17th-largest in the world. Iran is bordered to the northwest by Armenia and the Republic of Azerbaijan, to the north by the Caspian Sea, to the northeast by Turkmenistan, to the east by Afghanistan and Pakistan, to the south by the Persian Gulf and the Gulf of Oman, and to the west by Turkey and Iraq. The country's central location in Eurasia and Western Asia, and its proximity to the Strait of Hormuz, give it geostrategic importance. Tehran is the country's capital and largest city, as well as its leading economic and cultural center. Iran is home to one of the world's oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BCE. It was first unified by the Iranian Medes in the seventh century BCE, reaching its greatest territorial size in the sixth century BCE, when Cyrus the Great founded the Achaemenid Empire, which stretched from Eastern Europe to the Indus Valley, becoming one of the largest empires in history. The Iranian realm fell to Alexander the Great in the fourth century BCE and was divided into several Hellenistic states. An Iranian rebellion culminated in the establishment of the Parthian Empire, which was succeeded in the third century CE by the Sasanian Empire, a leading world power for the next four centuries. Arab Muslims conquered the empire in the seventh century CE, displacing the indigenous faiths of Zoroastrianism and Manichaeism with Islam. Iran made major contributions to the Islamic Golden Age that followed, producing many influential figures in art and science. After two centuries, a period of various native Muslim dynasties began, which were later conquered by the Turks and the Mongols. The rise of the Safavids in the 15th century led to the reestablishment of a unified Iranian state and national identity, with the country's conversion to Shia Islam marking a turning point in Iranian and Muslim history. Under Nader Shah, Iran was one of the most powerful states in the 18th century, though by the 19th century, a series of conflicts with the Russian Empire led to significant territorial losses. Popular unrest led to the establishment of a constitutional monarchy and the country's first legislature. A 1953 coup instigated by the United Kingdom and the United States resulted in greater autocracy and growing anti-Western resentment. Subsequent unrest against foreign influence and political repression led to the 1979 Revolution and the establishment of an Islamic republic, a political system that includes elements of a parliamentary democracy vetted and supervised by a theocracy governed by an autocratic "Supreme Leader". During the 1980s, the country was engaged in a war with Iraq, which lasted for almost nine years and resulted in a high number of casualties and economic losses for both sides. According to international reports, Iran's human rights record is exceptionally poor. The regime in Iran is undemocratic, and has frequently persecuted and arrested critics of the government and its Supreme Leader. Women's rights in Iran are described as seriously inadequate, and children's rights have been severely violated, with more child offenders being executed in Iran than in any other country in the world. Since the 2000s, Iran's controversial nuclear program has raised concerns, which is part of the basis of the international sanctions against the country. The Joint Comprehensive Plan of Action, an agreement reached between Iran and the P5+1, was created on 14 July 2015, aimed to loosen the nuclear sanctions in exchange for Iran's restriction in producing enriched uranium. Iran is a founding member of the UN, ECO, NAM, OIC, and OPEC. It is a major regional and middle power, and its large reserves of fossil fuels – which include the world's largest natural gas supply and the fourth-largest proven oil reserves – exert considerable influence in international energy security and the world economy. The country's rich cultural legacy is reflected in part by its 22 UNESCO World Heritage Sites, the third-largest number in Asia and eleventh-largest in the world. Iran is a multicultural country comprising numerous ethnic and linguistic groups, the largest being Persians (61%), Azeris (16%), Kurds (10%), and Lurs (6%).

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Kazakhstan

Kazakhstan (Qazaqstan,; kəzɐxˈstan), officially the Republic of Kazakhstan (Qazaqstan Respýblıkasy; Respublika Kazakhstan), is the world's largest landlocked country, and the ninth largest in the world, with an area of.

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Kosovo

Kosovo (Kosova or Kosovë; Косово) is a partially recognised state and disputed territory in Southeastern Europe that declared independence from Serbia in February 2008 as the Republic of Kosovo (Republika e Kosovës; Република Косово / Republika Kosovo).

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Kyrgyzstan

The Kyrgyz Republic (Kyrgyz Respublikasy; r; Қирғиз Республикаси.), or simply Kyrgyzstan, and also known as Kirghizia (Kyrgyzstan; r), is a sovereign state in Central Asia.

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Laos

Laos (ລາວ,, Lāo; Laos), officially the Lao People's Democratic Republic (Lao: ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ, Sathalanalat Paxathipatai Paxaxon Lao; République démocratique populaire lao), commonly referred to by its colloquial name of Muang Lao (Lao: ເມືອງລາວ, Muang Lao), is a landlocked country in the heart of the Indochinese peninsula of Mainland Southeast Asia, bordered by Myanmar (Burma) and China to the northwest, Vietnam to the east, Cambodia to the southwest and Thailand to the west and southwest.

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Latin America

Latin America is a group of countries and dependencies in the Western Hemisphere where Spanish, French and Portuguese are spoken; it is broader than the terms Ibero-America or Hispanic America.

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Latvia

Latvia (or; Latvija), officially the Republic of Latvia (Latvijas Republika), is a sovereign state in the Baltic region of Northern Europe.

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Liberty Fund

Liberty Fund, Inc. is a nonprofit foundation headquartered in Indianapolis, Indiana which promulgates the libertarian views of its founder, Pierre F. Goodrich through publishing, conferences, and educational resources.

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Lithuania

Lithuania (Lietuva), officially the Republic of Lithuania (Lietuvos Respublika), is a country in the Baltic region of northern-eastern Europe.

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Market economy

A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

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Marketization

Marketization or marketisation is a restructuring process that enables state enterprises to operate as market-oriented firms by changing the legal environment in which they operate.

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Michael Kaser

Michael Kaser (born in London in 1926) is a British economist who specialises on Central and Eastern Europe and the USSR and its successor states.

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Mixed economy

A mixed economy is variously defined as an economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

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Moldova

Moldova (or sometimes), officially the Republic of Moldova (Republica Moldova), is a landlocked country in Eastern Europe, bordered by Romania to the west and Ukraine to the north, east, and south (by way of the disputed territory of Transnistria).

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Monetary overhang

Monetary overhang is a phenomenon in which people have money holdings because of a lack of ability to spend them.

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Mongolia

Mongolia (Monggol Ulus in Mongolian; in Mongolian Cyrillic) is a landlocked unitary sovereign state in East Asia.

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Montenegro

Montenegro (Montenegrin: Црна Гора / Crna Gora, meaning "Black Mountain") is a sovereign state in Southeastern Europe.

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Non-bank financial institution

A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency.

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OmniScriptum

Omniscriptum Publishing Group, formerly known as VDM Verlag Dr.

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Phare

The Phare programme is one of the three pre-accession instruments financed by the European Union to assist the applicant countries of Central and Eastern Europe in their preparations for joining the European Union.

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Planned economy

A planned economy is a type of economic system where investment and the allocation of capital goods take place according to economy-wide economic and production plans.

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Poland

Poland (Polska), officially the Republic of Poland (Rzeczpospolita Polska), is a country located in Central Europe.

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Polity data series

The Polity data series is a widely used data series in political science research.

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Post-Soviet states

The post-Soviet states, also collectively known as the former Soviet Union (FSU) or former Soviet Republics, are the states that emerged and re-emerged from the Union of Soviet Socialist Republics in its breakup in 1991, with Russia internationally recognised as the successor state to the Soviet Union after the Cold War.

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Privately held company

A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately.

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Privatization

Privatization (also spelled privatisation) is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors.

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Real socialism

Real socialism (also actually existing socialism or developed socialism) was an ideological catchphrase popularized during the Brezhnev era within the Eastern Bloc countries and the Soviet Union.

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Republic of Macedonia

Macedonia (translit), officially the Republic of Macedonia, is a country in the Balkan peninsula in Southeast Europe.

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Right to property

The right to property or right to own property (cf. ownership) is often classified as a human right for natural persons regarding their possessions.

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Romania

Romania (România) is a sovereign state located at the crossroads of Central, Eastern, and Southeastern Europe.

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Routledge

Routledge is a British multinational publisher.

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Russia

Russia (rɐˈsʲijə), officially the Russian Federation (p), is a country in Eurasia. At, Russia is the largest country in the world by area, covering more than one-eighth of the Earth's inhabited land area, and the ninth most populous, with over 144 million people as of December 2017, excluding Crimea. About 77% of the population live in the western, European part of the country. Russia's capital Moscow is one of the largest cities in the world; other major cities include Saint Petersburg, Novosibirsk, Yekaterinburg and Nizhny Novgorod. Extending across the entirety of Northern Asia and much of Eastern Europe, Russia spans eleven time zones and incorporates a wide range of environments and landforms. From northwest to southeast, Russia shares land borders with Norway, Finland, Estonia, Latvia, Lithuania and Poland (both with Kaliningrad Oblast), Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, Mongolia and North Korea. It shares maritime borders with Japan by the Sea of Okhotsk and the U.S. state of Alaska across the Bering Strait. The East Slavs emerged as a recognizable group in Europe between the 3rd and 8th centuries AD. Founded and ruled by a Varangian warrior elite and their descendants, the medieval state of Rus arose in the 9th century. In 988 it adopted Orthodox Christianity from the Byzantine Empire, beginning the synthesis of Byzantine and Slavic cultures that defined Russian culture for the next millennium. Rus' ultimately disintegrated into a number of smaller states; most of the Rus' lands were overrun by the Mongol invasion and became tributaries of the nomadic Golden Horde in the 13th century. The Grand Duchy of Moscow gradually reunified the surrounding Russian principalities, achieved independence from the Golden Horde. By the 18th century, the nation had greatly expanded through conquest, annexation, and exploration to become the Russian Empire, which was the third largest empire in history, stretching from Poland on the west to Alaska on the east. Following the Russian Revolution, the Russian Soviet Federative Socialist Republic became the largest and leading constituent of the Union of Soviet Socialist Republics, the world's first constitutionally socialist state. The Soviet Union played a decisive role in the Allied victory in World War II, and emerged as a recognized superpower and rival to the United States during the Cold War. The Soviet era saw some of the most significant technological achievements of the 20th century, including the world's first human-made satellite and the launching of the first humans in space. By the end of 1990, the Soviet Union had the world's second largest economy, largest standing military in the world and the largest stockpile of weapons of mass destruction. Following the dissolution of the Soviet Union in 1991, twelve independent republics emerged from the USSR: Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Armenia, Azerbaijan, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan and the Baltic states regained independence: Estonia, Latvia, Lithuania; the Russian SFSR reconstituted itself as the Russian Federation and is recognized as the continuing legal personality and a successor of the Soviet Union. It is governed as a federal semi-presidential republic. The Russian economy ranks as the twelfth largest by nominal GDP and sixth largest by purchasing power parity in 2015. Russia's extensive mineral and energy resources are the largest such reserves in the world, making it one of the leading producers of oil and natural gas globally. The country is one of the five recognized nuclear weapons states and possesses the largest stockpile of weapons of mass destruction. Russia is a great power as well as a regional power and has been characterised as a potential superpower. It is a permanent member of the United Nations Security Council and an active global partner of ASEAN, as well as a member of the G20, the Shanghai Cooperation Organisation (SCO), the Council of Europe, the Asia-Pacific Economic Cooperation (APEC), the Organization for Security and Co-operation in Europe (OSCE), and the World Trade Organization (WTO), as well as being the leading member of the Commonwealth of Independent States (CIS), the Collective Security Treaty Organization (CSTO) and one of the five members of the Eurasian Economic Union (EEU), along with Armenia, Belarus, Kazakhstan and Kyrgyzstan.

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Serbia

Serbia (Србија / Srbija),Pannonian Rusyn: Сербия; Szerbia; Albanian and Romanian: Serbia; Slovak and Czech: Srbsko,; Сърбия.

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Serbia and Montenegro

Serbia and Montenegro (Srbija i Crna Gora, Србија и Црна Гора; SCG, СЦГ), officially the State Union of Serbia and Montenegro (Državna Zajednica Srbija i Crna Gora, Државна Заједница Србија и Црна Гора), was a country in Southeast Europe, created from the two remaining federal republics of Yugoslavia after its breakup in 1992.

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Shock therapy (economics)

Shock therapy is a term used by some non-economists to refer to the sudden release of price and currency controls (economic liberalization), withdrawal of state subsidies, and immediate trade liberalization within a country, usually also including large-scale privatization of previously public-owned assets.

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Slovakia

Slovakia (Slovensko), officially the Slovak Republic (Slovenská republika), is a landlocked country in Central Europe.

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Slovenia

Slovenia (Slovenija), officially the Republic of Slovenia (Slovene:, abbr.: RS), is a country in southern Central Europe, located at the crossroads of main European cultural and trade routes.

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Social safety net

The social safety net is a collection of services provided by the state or other institutions such as friendly societies.

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Soviet Union

The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.

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Soviet-type economic planning

Soviet-type economic planning (STP) is the specific model of centralized economic planning employed by Marxist-Leninist socialist states modeled on the economy of the Soviet Union.

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Tajikistan

Tajikistan (or; Тоҷикистон), officially the Republic of Tajikistan (Ҷумҳурии Тоҷикистон, Jumhuriyi Tojikiston), is a mountainous, landlocked country in Central Asia with an estimated population of million people as of, and an area of.

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Technical Aid to the Commonwealth of Independent States

TACIS is an abbreviation of "Technical Assistance to the Commonwealth of Independent States" programme, a foreign and technical assistance programme implemented by the European Commission to help members of the Commonwealth of Independent States (as well as Mongolia), in their transition to democratic market-oriented economies.

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Third World

The term "Third World" arose during the Cold War to define countries that remained non-aligned with either NATO or the Communist Bloc.

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Treuhandanstalt

The Treuhandanstalt ("Trust agency"), colloquially referred to as Treuhand, was an agency established by the government of the German Democratic Republic to reprivatize / privatize East German enterprises, Volkseigene Betriebe (VEBs), prior to the German reunification.

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Turkmenistan

Turkmenistan (or; Türkmenistan), (formerly known as Turkmenia) is a sovereign state in Central Asia, bordered by Kazakhstan to the northwest, Uzbekistan to the north and east, Afghanistan to the southeast, Iran to the south and southwest, and the Caspian Sea to the west.

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Ukraine

Ukraine (Ukrayina), sometimes called the Ukraine, is a sovereign state in Eastern Europe, bordered by Russia to the east and northeast; Belarus to the northwest; Poland, Hungary, and Slovakia to the west; Romania and Moldova to the southwest; and the Black Sea and Sea of Azov to the south and southeast, respectively.

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University of Michigan

The University of Michigan (UM, U-M, U of M, or UMich), often simply referred to as Michigan, is a public research university in Ann Arbor, Michigan.

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Uzbekistan

Uzbekistan, officially also the Republic of Uzbekistan (Oʻzbekiston Respublikasi), is a doubly landlocked Central Asian Sovereign state.

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Vietnam

Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia.

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Washington Consensus

The Washington Consensus is a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions such as the International Monetary Fund (IMF), World Bank and United States Department of the Treasury.

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World Bank

The World Bank (Banque mondiale) is an international financial institution that provides loans to countries of the world for capital projects.

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Redirects here:

Country in transition, Economic transition, Economics of transition, Economies in transition, Transformation economy, Transition Economics, Transition countries, Transition country, Transition economics, Transition economies, Transition from socialism to free-market capitalism, Transitional economy.

References

[1] https://en.wikipedia.org/wiki/Transition_economy

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