International Journal of Neutrosophic Science IJNS 2690-6805 2692-6148 10.54216/IJNS https://www.americaspg.com/journals/show/1899 2020 2020 Associate Professor, Tashkent State University of Economics, Uzbekistan; Research Affiliate, Cambridge Central Asia Forum, University of Cambridge, UK Adham Khudaykulov International regulation is a vital function for countries in transition in terms of guidance to economic prosperity. Transition economies are defined as countries which experience the move to a market economy from a centrally planned economy. This paper discusses the governance and institutional settings of transition economies as well as the economic performance and corruption in these countries. Furthermore, it analyses the challenges in international regulation of countries in transition and proposes application of neutrosophic theory in investigating the abovementioned spheres due to the capacity of this theory in dealing with uncertainties. 2023 2023 64 79 10.54216/IJNS.210306 https://www.americaspg.com/articleinfo/21/show/1899