Sources of Economic Development in Transition Economies

Sources of Economic Development in Transition Economies

Case Study

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After the collapse of totalitarian regimes in Europe, national economies finally faced the only possible option of economic development, a market-driven economy. Generation educated and working on non-market-oriented ethatist political and economic systems got into the problem because of the inability to quickly adapt to the market economy or because of the deep ignorance. With the formation of the European Union, these problems spilled on the surface, as the leading developed states and EU economies sought to quickly connect the economies of the new/old states which were in transition. Encour...