Its 10 member nations recently voted to move toward a market-based system of trade.
Emissions trading is a market-based system used to reduce pollution.
The conversion of the former Soviet economy into an effective, market-based system is likely to take 10 or 15 years, at least.
Each country is given a target for emission levels, and they may trade emissions credits in a market-based system that includes developing countries as well.
Never mind the huge expense, the low life expectancy, the high infant mortality; it's a market-based system, so it must be good.
So entire families were left without jobs when these economic dinosaurs began to fail in the transition to a market-based system.
The situation is not as bad in some other states, but in many places the new market-based system has not produced the needed power.
One more absurdity of our market-based system: the pressure is to increase total health-care expenditures, not reduce them.
Economists and some environmentalists have long called for a "market-based" system that encourages deals like the one to be announced today.
The idea of building automated market-based systems for control purposes is not new.