Respuesta :
The four main pillars of the transformation process are liberalization, judicial and institutional changes, macroeconomic stabilization, and privatization.
What does the term "transition economy" mean?
Governments in transitional economies are governments whose economies are presently undergoing macroeconomic adjustments to change how they are run. It typically denotes a fundamental shift away from an economy that is primarily governed by the state and more towards one which is more influenced either by market.
What distinguishes developed economies from those that are expanding or undergoing a transition?
The economies of those countries that are transitioning from being developing to developed market economies are known as emerging market economies. Its GDP is rapidly expanding, its per capita income is rising, and the stock and debt markets are increasingly liquid. It also has a strong infrastructure supporting its financial system.
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