Focus on the pronunciation of transition economy
English definition of “transition economy”
transition economy (also transitional economy)
noun [C] ECONOMICS
› an economy that is changing from being one under government control to being a market economy (= one in which companies are not controlled by the government): Export volume growth has been strongest in the transition economies and Latin America, at 10% and 6.5% respectively. Foreign direct investment is vitally important for all developing and transition economies.