What Is Involved in the Transition to a Market Economy?

Transitional economy refers to the transition from the traditional planned economy to the market economy, which is commonly referred to as marketization.

Transition economy

Right!
Transitional economy refers to the transition from the traditional planned economy to the market economy, which is commonly referred to as marketization.
Transitional economy refers to the economic existence form and movement mode formed by the transition from the traditional planned economy to the modern market economy.
It has two types: one is represented by the CIS and Eastern European countries, and it is a transitional economy formed through "radical" reforms ("shock therapy"); the other is represented by China, through "progressive "The transitional economy formed by the reform.
Chinese name
Transition economy
Foreign name
Transition economy
Definition
Transition from traditional planned economy to market economy
nickname
Marketization
1. Radical reform: refers to the advancement of reform in accordance with the overall reform blueprint in a comprehensive and comprehensive manner in a short period of time, which is linked to the Russian-style road, and sometimes also specifically refers to the "shock therapy" promoted by the IMF in Russia ", Or" Big Bang "and" Genesis "reforms.
2. The so-called gradual reform refers to the gradual reform of the economic system that restricts or hinders economic development in the process of economic development without major changes in the underlying economic system. Gradual reform is an economic transformation method gradually formed in China's economic system reform after the 1980s.

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