Chapter 2 Economic Lesson 3 The Global Making Transition to Capitalism

Chapter 2 Economic Systems and Decision

Making

Lesson 3 The Global Transition to Capitalism

Bellringer

2-3

Bellringer

1. About what percentage of the world's land area would you estimate is highlighted on the map?

? About 25% of the world's land are is highlighted.

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2. Why do you think the highlighted areas on the map have increased free-market capitalistic activities?

? Increased privatization has caused more free market activity in the former Soviet Union nations. China is embarking toward a mix and free-market economy. High economic growth rates and increased privatization are moving many countries in Latin America toward free-market economies.

Problems of Transition

2-3

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