Transition (transformation) processes — the dominant economic system development condition

The paper identifies transition, transformation, processes that are barely studied and constitute perspective phenomenon in a transition economy. In addition, a statistical method is applied. Classification of binary image as well as specific features of transition processes and transformation crisis are illustrated; transformation crisis and cyclical economy. This paper uses transformation and transition terms as synonyms. Transition processes and transformation economy are inseparable from each other and cannot exist separately. The general conclusion is that lack of transformation makes transition to cyclical economy impossible, while the latter represent an inextricable condition and attribute of any market economy. Focus herein is placed on the importance and the need for planned transformations.

transformation economy, transition processes, transformation economy performance assessment criteria, various aspects of transition processes