What is another word for transition economy?
Pronunciation: [tɹansˈɪʃən ɪkˈɒnəmi] (IPA) 
Transition economy is a term used to describe nations in the process of shifting from central planning to market-oriented economies. This transition is accompanied by changes in institutions, policies, and economic systems. There are several synonyms for this term, including "post-communist economy", "emerging economy", and "rapidly developing economy". Post-communist economy refers to countries that were previously under communist rule and are now transitioning to capitalist economies. Emerging economy refers to nations that are beginning to show rapid economic growth and are becoming important players in the global economy. Rapidly developing economy is used to describe nations that are experiencing significant economic growth and development.
