transitional economy - state of the economy in transition from one economic system to another development, which entails a change in its foundations, forms, links business processes, interactions between individual economic actors, changing types of property.
transition economies as system is characterized by the following features: the beginning of the formation of a new economic system and a mixed, unsustainable development, lasting change.
There are several types of transitional economic conditions .First of all, it is the transition from capitalism to socialism in radical form.An example of this - the Soviet Union in the period 1917 to 1930.This time was characterized by the replacement of the revolutionary socialist and capitalist relations of transformation of the economy in odnoukladnuyu command system.The role of government manifested itself in dictatorship of the proletariat.
Another option economy in transition - changes in the methods of its coordination.An example is the change in the regulation of the economy of western countries after the Great Depression.The economic system is not changed, but the principles and the basis of economic regulation have become new.
third option, which can take a transitional economy, is the elimination of deformations of the economy caused by internal or external causes in the countries that were formerly colonies.In this scenario, the creation of an independent basis of the economy, followed by the elimination of backward social infrastructure.But this option is accompanied by political instability.
fourth option - is to overcome the instability of the economy, both in the countries of the Latin world, when you need to overcome financial dependence and unbalanced macroeconomic scale.
fifth option - a specific form of the transition economies of the former socialist countries.This period is referred to as inter-system transition economy.It is this type of transition economy of Russia.
features of the Russian economy in transition are as follows.Modern economy carries traffic from a clean system device to a mixed economy.Now the Russian economy to the task of restoring multiculturalism economic system with a variety of relationships and social-economic nature.
For the Russian economy is characterized by withdrawal from social paternalism and total social guarantees to the market economy.The transformation of the Russian economic system began in the disintegration of the USSR, which was also accompanied by the collapse of the political ties and, consequently, economic relations with other countries, which have been linked to this time outside the Council for Mutual Economic Assistance.Thus, changes in the Russian economy are characterized by geopolitical.
During his formation of a transitional economy is socially oriented type requires such measures.First of all, the liberalization of prices, external economic relations and economic ties.Further structural reforms are needed in the form of privatization, de-monopolization, divestiture, creating a competitive environment.
Institutional reforms demanded by the economy of this phase is to create a market infrastructure, market training, the formation of the new legislation.
To form social orientation necessary measures are: assistance to vulnerable populations, creating a new level of social protection systems.
The transformation of the structure of the national economy requires the conversion, the introduction of structural adjustment programs of regions and sectors, promotion of advanced industries.
transitional economy one of the main requirements to the government to make demands of privatization and the formation of a full spectrum of different types of property relations.