SCOPE: The experiences of the former republics of the now-defunct Soviet Union provide a good lesson in transforming economies, in particular, the Russian republic. Research the Russian experience (text and internet). Using this information, provide a general overview of this transition from a Communist "command" economy to a free market economy over the past several years. Has the transition to a free market economy been a success? What have been some of the major difficulties? What do you believe are the prospects for a sound Russian economy?

SCOPE: The experiences of the former republics of the now-defunct Soviet Union provide a good lesson in transforming economies, in particular, the Russian republic. Research the Russian experience (text and internet). Using this information, provide a general overview of this transition from a Communist "command" economy to a free market economy over the past several years. Has the transition to a free market economy been a success? What have been some of the major difficulties? What do you believe are the prospects for a sound Russian economy?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section19.2: The Process Of Economic Development

Problem 5R

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