Taking in a wide range of international case-studies, this title provides an extensive guide to those countries in a state of economic flux. Analyzing major political, as well as economic events, the author looks at issues such as the impact of globalization on transitional countries as they become increasingly integrated into the world economy. Whilst the emphasis of this work is on actual events, a theoretical introduction takes account of the lessons learned from previous transition economies. It establishes a precedent and sets the current transition economies in a historical context.