Characterize the process of economic transition

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In thinking about the movement of countries, such as China, India, or Brazil, from developing to emerging economies, it seems reasonable to characterize the process of economic transition as ________.

A method of comparing purchasing power between two countries that have different currencies

Selling government-owned assets to private firms in order to embrace free market systems

A process by which a nation changes its fundamental economic organization and creates free market institutions

A period where some parts of a country use advanced technology while other regions have outdated technology

Reference no: EM13969060

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