Advertisements
Advertisements
Question
What is meant of shock therapy?
Solution
After the disintegration of the Soviet Union, the process of transition from authoritarian socialist system to a democratic capitalist system influenced by the World Bank and International Monetary Fund (IMF) is known as ‘Shock Therapy’.
shaalaa.com
Shock Therapy and Its Consequenes
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
The model of transition in Russia, Central Asia, and East Europe that was influenced by the World Bank and the IMF came to be known as?
Shock Therapy is a phenomenon associated with ______.
Which one of the following was not a consequence of Shock therapy in Russia?
The President of which Central Asian country appointed himself to power, first for ten years and extended it for another ten years?
