MGCR 382 Lecture : Lecture 4
17 Feb 2012
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Document Summary
Chapter 2 global marketplace and business centers (cont. ) 2. the developing countries of the global south: the transitional developed countries. There are certain mid-range countries that rank higher on economic and social development than developing countries but lower than developed countries on one or both dimensions: post-communist developed countries (pcdcs) After the soviet union and its allied bloc broke up, 28 new countries/states emerged. Another 13 were from other soviet allies in central europe. This cluster of 28 is the states in transition i. e. in the process of substantial economic and political transformation. 13 of this group are considered developing countries e. g. albania, armenia, azerbaijan, georgia, moldova, tajikistan. Under communism there was government controlled command (centrally planned) economy. Effect: inefficiency and lower standard of living than mixed and market economies. From early 1990s to today: the pcdcs have tried to quickly transition to a market/mixed political economy with: It was a political movement within the communist party of the.
