Question

1. Mention any three features that distinguish the Soviet eco not from that of a capitalist country like the US?

2.What was shock therapy?Was this the best way to make a transition from communism to capitalism?

3. 2hat were the major consequences of the disintegration of the Soviet Union for countries like India?
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Answer 1

Answer:

1.The three features that distinguish the Soviet economy from that of a capitalist country like the US, can be summed up as follows: Soviet economy experienced a complex communication network, vast energy resources and an efficient transport sector to connect its remotest areas

2.Shock Therapy was a painful process of transition from an authoritarian socialist system to a democratic capitalist system. This transformation system was influenced by the world bank and the IMF in Russia, Central Asia and East Europe.

3.The major consequences of the disintegration of the Soviet Union for countries like India can be analysed as follows: 1. Disintegration of Soviet Union gave an end to Cold War confrontations and to ideological disputes between two superpowers. 2.

Explanation:

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