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Explain Economic Transition- Comparison of two countries
Corporations entering new countries find different political and economic systems. Some systems change rapidly, others change slowly. In either case, trying to do business in such a situation is no small accomplishment.
Tasks:Select two countries of interest and answer the following questions:Are these developed, industrializing, or developing countries?Which type of economic system exists in these countries? Compare and contrast your findings for the two countries.When did the countries adopt their current economic systems?Has either country undergone any form of economic transition in the past 15 years? If yes, what are the effects of the transition on the culture and political, legal, and economic systems of the country? If not, what forces prevented the transition?
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