Concept information
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business and management
business ethics
corporate social responsibility
globalization (business)
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sociology of work encyc
labor movement and other forms of collective action
corporate social responsibility
globalization (business)
...
sociology of work encyc
labor movement and other forms of collective action
corporate social responsibility
globalization (business)
Preferred term
transition economies
Definition
- Transition economies are countries with economies in transition that abandoned state socialism and central planning and have been attempting a move to capitalism. The central process of economic transformation typically involves three fundamental, revolutionary, systemic changes, including liberalization, macroeco-nomic stabilization, and structural adjustment through commodification, marketization, privatization, and the reduction of the role of the state. [Source: Encyclopedia of Business in Today's World; Transition Economies]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/transition_economies
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