1. Planned Economy to Market Economy - China and the Soviet Union
... Union in December 1991 sparked a wave of marketization in Russia Federation and Eastern Europe during which the term ˜transitional economy' was coined. Economic liberalisation in Russia was initiated by Boris Yeltsin who was given special power by the Russian parliament to carry out reforms by decree. The process of economic reforms had already been continuing for more than twenty years by ... ...
- Word Count: 1874
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate