Essay is about the period of transition economies in Russia. Main problems and difficulties of it are also discribed.

A transition economy is understood as process of transition from socialist to market economy. The main feature of transition economy is that none of the mechanisms of coordination system is dominant: the central planning system does not work anymore, and the market mechanisms are yet to start working to the full power. The market reforms include three stages: macroeconomic regulation, privatization and structural reforms. Particularly, in Russia the transition to the market economy was very …

…vestiges of planned, elements of market economy and on criminal structures cannot meet the requirements of the majority of the population of Russia. September of the 1998 can quite definitely characterize the end of the certain stage of reforms. Made mistakes should be taken into account and cannot not be repeated in the future. And we can only hope and expect that, as it usually happens in Russia, the old mistakes will not be repeated again.