Doctor Jolly
. Per Aspera Ad Astra *
My teacher said that it wil be in my half yearlys, but I have absolutely no idea what it is! We haven't even learnt it yet but it's going to be in there...
help?
help?
Economy in Transition ...? (1 Viewer)
- Thread starter Doctor Jolly
- Start date
frieda
Premium Member
Does your teacher mean 'transition economies'? This belongs in the first part of topic 1 - the global economy.
These are generally the fomerly soviet controlled economies (concentrated in Eastern Europe) which have seen rapid privatisisation since the early 90s. Examples include Russia and Hungary. A better definition would definitely be in the textbook
These are generally the fomerly soviet controlled economies (concentrated in Eastern Europe) which have seen rapid privatisisation since the early 90s. Examples include Russia and Hungary. A better definition would definitely be in the textbook
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Doctor Jolly
. Per Aspera Ad Astra *
Oh yes, that is what my teacher meant.
But I don't understand what I have to learn about them. Do I have to learn how the moved from planned to market or the historical stuff?
But I don't understand what I have to learn about them. Do I have to learn how the moved from planned to market or the historical stuff?
Kirsty Xx
That's the price we pay
Do you mean a transition economy? Say, from a case study?
If so, transition economies are former socialist economies that are now becoming market economies, and are concentrated in Central and Eastern Europe and Asia.
The most important reforms of this transition have included the privatisation of state enterprises, the introduction of free market business laws, trade and financial market liberalisation, and the shift towards western-style economic and political institutions.
E.g., Hungary, the Czech Repulic and Poland.
Lol this probably isn't correct but i'm stabbing in the dark for what your teacher meant. The best thing you can do is to ask your teacher about this particular topic and what it means exactly. Ask for help and information regarding this 'economies in transition' area. You should be fine, just get to your teacher A.S.A.P!
Good Luck Xx
EDIT: You should probably learn the history and motives behind the transition in order to understand it better. Every country is different, but first try to generalise the motives etc behind the reform.
If so, transition economies are former socialist economies that are now becoming market economies, and are concentrated in Central and Eastern Europe and Asia.
The most important reforms of this transition have included the privatisation of state enterprises, the introduction of free market business laws, trade and financial market liberalisation, and the shift towards western-style economic and political institutions.
E.g., Hungary, the Czech Repulic and Poland.
Lol this probably isn't correct but i'm stabbing in the dark for what your teacher meant. The best thing you can do is to ask your teacher about this particular topic and what it means exactly. Ask for help and information regarding this 'economies in transition' area. You should be fine, just get to your teacher A.S.A.P!
Good Luck
XxEDIT: You should probably learn the history and motives behind the transition in order to understand it better. Every country is different, but first try to generalise the motives etc behind the reform.
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Doctor Jolly
. Per Aspera Ad Astra *
haha okay. She did give us a sheet about those economies way back. I'll go back to it and ask her about it on Monday. Thanks for the help!!Kirsty Xx said:Do you mean a transition economy? Say, from a case study?
If so, transition economies are former socialist economies that are now becoming market economies, and are concentrated in Central and Eastern Europe and Asia.
The most important reforms of this transition have included the privatisation of state enterprises, the introduction of free market business laws, trade and financial market liberalisation, and the shift towards western-style economic and political institutions.
E.g., Hungrary, the Czech Repulic and Poland.
Lol this probably isn't correct but i'm stabbing in the dark for what your teacher meant. The best thing you can do is to ask your teacher about this particular topic and what it means exactly. Ask for help and information regarding this 'economies in transition' area. You should be fine, just get to your teacher A.S.A.P!
Good Luck
Kirsty Xx
That's the price we pay
No sweat, happy to helpDoctor Jolly said:haha okay. She did give us a sheet about those economies way back. I'll go back to it and ask her about it on Monday. Thanks for the help!!
frieda
Premium Member
There isn't too much to learn about these, it goes with the general syllabus section about the 'Contrast in levels of development' under 'The impact of Globalisation on the standard of living in the global economy' along with the NICs etc.
I doubt they would ask too in depth questions about this, in my experience its only realy been multiple choice questions. Questions would probably mainly be about the features of these types of economies - most of which have received a significant increase in trade and financial flows in the past 18 years (particularly foreign direct investment), or about how the globalisation era has effected these economies.
However, I'm not sure how the teachers at your school tend to structure the tests - so your best off talking to your teacher and making sure you know what is required in the syllabus
I doubt they would ask too in depth questions about this, in my experience its only realy been multiple choice questions. Questions would probably mainly be about the features of these types of economies - most of which have received a significant increase in trade and financial flows in the past 18 years (particularly foreign direct investment), or about how the globalisation era has effected these economies.
However, I'm not sure how the teachers at your school tend to structure the tests - so your best off talking to your teacher and making sure you know what is required in the syllabus