MGCR 382 Study Guide - Keiretsu, World Bank High-Income Economy, Central Asia

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Document Summary

In 2002, 12 of eu opted into euro. Portugal, ireland, italy, greece, spain, luxemborg, finland, france, belgum, netherlands, Part of former soviet: estonia, latvia, lithuania. Allied with former soviet politically & economically-> bulgaria, czech, slovakia, hungary, poland, romania, slovenia. Regional trading system established by former soviet union broke down in early 1990s. Effects (on former soviet satellite states): they had to restructure economic, polkitical, & legal systems from centrally planned communist systems to decentralized mixed systems. Czech, estonia, slovenia are furthest along in this process, already achieving high- income status: blah blah, ablhalbh. Eastern europe (former soviet): constituent republics of former soviet including russia, estonia, latvia, lithuania, armenia, 1991: economic & political reforms caused ussr to collapse, its 15 soviet republics declared independence as newly indep. 1992: 12 of nis formed commonwealth of indep states (cis), a forum to discuss issues of mutual concern. Moved with difficulty from centrally-planned & globally-isolated economy to mixed & globally-integrated economy.