Xiaoshuo Hou
Abstract
Market transition refers to the process in which an economy moves from central planning in state socialism toward market coordination. This entry discusses the major debates regarding the process, configuration, and consequences of this postsocialist transition by focusing on the case of China.
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Market transition refers to the process in which an economy moves from central planning in state socialism toward market coordination. This entry discusses the major debates regarding the process, configuration, and consequences of this postsocialist transition by focusing on the case of China.
Key concepts: Transition (genetics), Market economy, Economic system, China, Planned economy, Socialism, Process (computing), Business