Transition and Global Transformation

Authors

  • László Tóth University of Miskolc

Keywords:

Transition economies, Transformation

Abstract

Transition economies form a group of emerging economies according to the author. Using Rostow’s take off definition, he places the
emerging economies in the phase of modernisation, which is the building up period of the developed capitalist market economy. The
transition economies that have changed their systems from planned economy to capitalist market economy are also a part of this
category.
The most developed ones from these countries have gone through the transition period, but they cannot achieve modernisation. The
modernisation could be achieved by them as EU members. Although the economic environment has gone through significant
economic changes since the late 20th century, global transformation as a general framework creates both more chances and more
serious challenges for modernisation.

Author Biography

László Tóth, University of Miskolc

Professor

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Published

2004-02-24

How to Cite

Tóth, L. . (2004). Transition and Global Transformation. Theory, Methodology, Practice – Review of Business and Management, 2(01), 59–66. Retrieved from https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1314

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