STATE’S ROLE AND METHODS OF IMPACT ON ITS ECONOMY IN A TRANSITION PERIOD

Giorgi Kharshiladze

No npydm, OSF Preprints from Center for Open Science

Abstract: The main problem of how to transform a centrally planned market into a market economy has emerged as one of the most influential and challenging issues in modern times. Nowadays, post-Soviet republics and nations of Central and Eastern Europe are in a transformation process and seek to capture claimed efficiency and advantages of market mechanisms for their economies. This is a very complex issue, because a rapid transition from socialism to a market economy is an unprecedented phenomenon and requires fundamental restructuring of a nation’s economic, political, social and legal institutions as well as its physical infrastructure.

Date: 2022-02-08
New Economics Papers: this item is included in nep-dem and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:npydm

DOI: 10.31219/osf.io/npydm

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