Like other former States, Armenia's economy suffers from the legacy of a centrally planned economy and the breakdown of former Soviet trading patterns.

Armenia emerged from the umbra of the former Soviet Union in 1991 and migrated from a centrally planned economy ( Communist system ) to a market economy ( capitalist system ).

The economy declined dramatically during the 1990s with the collapse of the Council for Mutual Economic Assistance ( COMECON ) system and the loss of the Soviet market, to which the country had been closely tied.

After World War II, Bulgaria followed the Soviet model of economic development more closely than any other East Bloc country with becoming one of the first members of Comecon ; the new regime shifted the economy from mainly agrarian type towards industrial economy and much of the labour force from the countryside to the city, providing workers for new large-scale industrial complexes.

Bulgarian economy closely resembled that of the Soviet Union.

The economy declined dramatically during the 1990s with the collapse of the Comecon system and the loss of the Soviet market, to which the country had been closely tied.

By winning operationally, strategically it could not keep up the momentum as the superiority of the Soviet Union's industrial base and economy began to take effect.

When the Soviet Union broke up in late 1991, a major boost to Cuba's economy was lost, leaving it essentially paralyzed because of the economy's narrow basis, focused on just a few products with just a few buyers.

The economy grew intermittently under Castro until the collapse of the Soviet Union, which provided Cuba with $ 4 billion to $ 6 billion in subsidies annually.

Failed attempts at reform, a standstill economy, and the success of United states of America against the Soviet Union's forces in the war in Afghanistan led to a general feeling of discontent, especially in the Baltic republics and Eastern Europe.

By 1982 the stagnation of the Soviet economy was obvious, as evidenced by the fact that the Soviet Union had been importing grain from the U. S. throughout the 1970s, but the system was so firmly entrenched that any real change seemed impossible.

To match the USA's military buildup, the Soviet Union increased its own military spending to 27 % of its GDP and froze production of civilian goods at 1980 levels, causing a sharp economic decline in the already failing Soviet economy.

The proposition that special operations by the CIA in Saudi Arabia affected the prices of Soviet oil was refuted by Marshall Goldman — one of the leading experts on the economy of the Soviet Union — in his latest book.

By the time Gorbachev ushered in the process that would lead to the dismantling of the Soviet administrative command economy through his programs of glasnost ( political openness ), uskoreniye ( speed-up of economic development ) and perestroika ( political and economic restructuring ) announced in 1986, the Soviet economy suffered from both hidden inflation and pervasive supply shortages aggravated by an increasingly open black market that undermined the official economy.

Although trade unions in Benin represent up to 75 % of the formal workforce, the large informal economy has been noted by the International Trade Union Confederation ( ITCU ) to contain ongoing problems, including a lack of women's wage equality, the use of child labour, and the continuing issue of forced labour.

In April 1997, the Union of Democratic Forces ( UDF ) government won pre-term parliamentary elections and introduced an IMF currency board system which succeeded in stabilizing the economy.

Manufacturing and retail sectors became dominant among Midwestern cities, influencing the American economy, particularly in meatpacking, with the advent of the refrigerated rail car and the regional centrality of the city's Union Stock Yards.

The dissolution of the Soviet Union was a process of systematic disintegration, which occurred in economy, social structure and political structure.

To restructure the Soviet administrative command system and implement a transition to a market-based economy, Yeltsin's shock program was employed within days of the dissolution of the Soviet Union.

This is heavily contrasted to the command economy model of the former Soviet Union.

While many socialist currents advocated economic planning as an eventual substitute for the market for factors of production, some define economic planning as being based on worker-self management, with production being carried out to directly satisfy human needs, and contrast this with the concept of a command economy of the Soviet Union, which they characterize as being based on a top-down bureaucratic administration of the economy in a similar fashion to a capitalist firm.

The Command economy is distinguished from economic planning, and different theories for classifying the socioeconomic system of the Soviet Union exist ; most notably a command economy is associated with Bureaucratic collectivism, State capitalism or State socialism.

Finland did not join the Soviet Union's economic sphere ( Comecon ) but remained a free-market economy and conducted bilateral trade with the Soviet Union.

The Republic of Cyprus is a constitutional democracy which has reached great levels of prosperity, with a booming economy and good infrastructures, part of the United Nations, European Union and several others organizations by whom it is recognized as the sole legitimate government of the whole island.

During his chancellorship, the West Germany economy grew quickly, and West Germany established friendly relations with France, participated in the emerging European Union, established the country's armed forces ( the Bundeswehr ), and became a pillar of NATO as well as firm ally of the United States.

Marx predicted the eventual fall of capitalism, to be replaced by socialism, yet since the late 20th century state socialism is in retreat, as the Soviet Union collapsed, and the People's Republic of China shifted towards a market economy.

The city's economy was changed to military production-especially after the German invasion of the Soviet Union.

The economy of Lesotho is based on agriculture, livestock, manufacturing, mining, and depends heavily on inflows of workers ’ remittances and receipts from the Southern African Customs Union ( SACU ).

After the fall of Communism and Bulgaria's transition to a market economy, wages fell severely.

“ Colonial Africa fell within that part of the international capitalist economy from which surplus was drawn to feed the metropolitan sector.

In 1991 the Finnish economy fell into recession.

The economy, governed under positive non-interventionism, is highly dependent on international trade and finance and in 2009 the real economic growth fell by 2. 8 % as a result of the global financial turmoil.

He brought down a mini-budget in an attempt to slow consumption, control inflation and reduce the deficit, but it triggered the worst credit squeeze since 1945 — the economy was driven into recession, the stock market slumped, private investment, housing activity and motor vehicle sales fell, unemployment rose to almost 2 percent ( the highest rate since the Depression ) and several major companies collapsed.

So, although Russia's political economy principally was agrarian and semi-feudal, the task of democratic revolution therefore fell to the urban, industrial working class, as the only social class capable of effecting land reform and democratization, in view that the Russian propertied classes would attempt to suppress any revolution, in town and country.

When the Russian economy ’ s collapse came about in August 1998, the market shrank drastically and the ruble fell several cellular operators were squeezed between low traffic and huge foreign currency denominated credits and telecommunications equipment bills.

Exports in autos and semiconductors, two critical pillars of the economy, shrank 55. 9 % and 46. 9 % respectively, while exports overall fell by a record 33. 8 % in January, and 18. 3 % in February 2009 year on year.

Growth fell back to 3. 3 % in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms have stalled.

Unemployment reached levels not seen since 2003, and the economy fell 8. 36 % in the fourth quarter of 2008.

As the economy contracted in the 1980s, inflation levels ( consumer price inflation ) fell, remaining between 6 and 12 % from 1982 to 1986.

In 1698, Zanzibar fell under the control of the Sultanate of Oman, which developed an economy of trade and cash crops with a ruling Arab elite.

Before this the main stay of the infant colony's economy was the growth export of tobacco, but tobacco prices eventually fell in the 1630s as Chesapeake production expanded.

Sales of SUVs and other light trucks fell in the mid-2000s because of high oil prices and declining economy.

Sullivan also pointed out that the magazine greatly exaggerated the danger the US economy was in after the Dow Jones fell to 7, 400 during the 1998 Labor Day weekend and noted that the magazine's claim that the US economy was at a high risk of entering a recession was far from clear.

The government reported that the economy grew at a rate of 7. 9 percent in 1996, 6. 2 percent in 1997, and fell 1. 3 percent in 1998.

During the 1950s, output of beef and grain fell, and the economy suffered.

In 2000 a strong economy, falling unemployment, and the impact of the Internet appeared to breathe new life into the “ Swedish model ” of a welfare society, one that had seemed dead and buried during the deep recession of the early 1990s: growth reached 4 %, and unemployment fell to the lowest level in years.

Fairview's fortunes rose and fell with the cycle of the regional economy after the railroad-enhanced boom and its population high-water mark in 1900, however.

Tower houses were being built up until the 1640s ; after the Restoration the fortified tower house fell out of fashion, but the weak state of the Scottish economy was such that while many larger properties were simply abandoned, the more modest castles continued to be used and adapted as houses, rather than rebuilt.

It soon became inadequate for the accumulating archives, for the general liberalizing process of German identity building after the Berlin Wall fell, and for the growing public appetite abroad for Holocaust museums, along with the tourist economy they generated.

The dinanderies fell out of fashion and the economy of the city now rested on leather tanning and the manufacture of playing cards.

The healthy economy came to an end in the post-Civil War depression and the once thriving factories fell into decay.