Scenarios about 'transition economies'
The economic transformations undergone by countries shifting from centrally planned systems to market-oriented economies, primarily in Eastern Europe and the former Soviet Union following the Cold War. Transition economies typically experience liberalization of prices, privatization of state enterprises, and creation of new financial institutions, often accompanied by periods of economic instability, inflation, and social upheaval before achieving more stable market structures.
What If Russia Transitioned to Democracy Successfully?
Exploring the alternate timeline where post-Soviet Russia established a robust democracy in the 1990s, transforming global geopolitics and economic development.