111k views
2 votes
What are some countries and regions that are currently transitioning to a capitalist economy?

User Alexa Elis
by
8.1k points

1 Answer

3 votes

Final answer:

China, Russia, Vietnam, and Eastern European countries are currently transitioning to a capitalist economy.

Step-by-step explanation:

Some countries and regions that are currently transitioning to a capitalist economy include:

  • China: China shifted to a more market-based economy in the late 1970s and has experienced phenomenal growth since then.
  • Russia: Russia has been transitioning to a market-based economy since the fall of communism in that region of the world.
  • Vietnam: Vietnam, which had a state-run economy in response to the Vietnam War, has been moving toward a socialist-style market economy more recently.
  • Eastern Europe: Many countries in Eastern Europe have transitioned from communism to capitalism, with countries like Slovenia experiencing strong economic growth.
User Darshan Puranik
by
8.6k points