Models and strategies of economic development in transition countries

The formation of a market economy is a very complex issue due to the transformation and change of the system that has developed over many decades. The problem of an economy in transition is an important issue in the modern reality of many countries and the world economy in general. The renewed outlook of economic entities and the creation of a regulatory and legal framework do not occur simultaneously. A transitional economy is a stage of development and implementation of reforms, a period of transformation. As a result of this transition, a fundamental necessary transformation of the foundation of this system is carried out, which determine the genesis and development of new features of the economy. This article examines the main features and problems of the transitional economy and reveals the models and strategies of their economic development