Tiger economyA term originally used to describe rapidly-growing economies in the Far East. Now used to describe any relatively undeveloped country where growth prospects are thought to be high.
Emerging economyEmerging economy
1. Originally this term was applied to countries that had recently ceased to be part of the Soviet Union and its satellites, and thus emerging from centrally planned communist economies. The term drew attention to their transition to becoming market economies. 2. Rather quickly, perhaps acknowledging the importance of central planning and the failure of markets in many other countries, the term has expanded to encompass also developing countries, not necessarily ever communist, as they expanded the role of markets.
Command economyCommand economy
An economy in which decisions about production and allocation are made by government dictate, rather than by decentralized responses to market forces.
Goldilocks economyGoldilocks economy
An economy whose growth is believed to be neither too 'hot' (i.e. too fast) or too 'cold' (too slow) - an ideal state as it means the government does not have to use fiscal or monetary devices to artificially stimulate or retard economic activity.
Radical political economyRadical political economy
See political economy.
Non-market economyNon-market economy
A country in which most major economic decisions are imposed by government and by central planning rather than by free use of markets. Contrasts with a market economy.
Further SuggestionsOpen-economy multiplier
Pure exchange economy
Integrated World Economy
Political economy of protection
old economy stocks
Small open economy
Newly Industrializing Economy
Ministry of Economy, Trade and Industry