Identify countries that are transitioning to capitalism and what difficulties they are having. Be specific with textual evidence.

Question

Dennis Fernandez

Social Studies

2 September, 10:31

Identify countries that are transitioning to capitalism and what difficulties they are having. Be specific with textual evidence.

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Answers (1)

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Lamont Rowland · Answer 1

Uzbekistan is an economy that is in transition from Communism to Capitalism. It is facing various structural issues in the transition.

Explanation:

Uzbekistan is part of the former USSR and a central Asian landlocked country. It is closely connected to other landlocked countries in the region and is ant a considerable distance from China and India for trade.

It was connected by the silk route in the past and has been in an attempt to revive that route again in terms of business.

It has massive oil reserves that are yet untapped but the incompetence of he governing structures left behind by communism and dictatorship mean that the oil is not used up well enough to be profitable for everyone in the country.