Emerging Markets: European Transition Economies

Abstract

This chapter presents a description of transition economies of Europe focusing different aspects related to the economic development of this area. First, the transition economies are introduced. Later on, political conditions, cultural factors affecting these countries, and economic situation are presented. Referring earlier studies and different factors, a new classification of transition economies is offered.

To have critical perspective, some of the performances of transition economies are compared with BRICS countries, which have been particularly focused as major economies of the emerging markets. Finally, the case countries are presented.

Citation

Abraha, D. and Hyder, A.S. (2021), "Emerging Markets: European Transition Economies", Transformation of Strategic Alliances in Emerging Markets, Volume I, Emerald Publishing Limited, Leeds, pp. 145-157. https://doi.org/10.1108/978-1-80043-744-920210012