In which year ‘Shock Therapy’ was administered?
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The first instance of shock therapy was the neoliberal reforms of Chile in 1975, carried out after the military coup by Augusto Pinochet. The reforms were based on the liberal economic ideas centered on the University of Chicago. The term is also applied to Bolivia's case.
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Answered by
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Explanation:
The first instance of shock therapy was the neoliberal reforms of Chile in 1975, carried out after the military coup by Augusto Pinochet. The reforms were based on the liberal economic ideas centered on the University of Chicago. The term is also applied to Bolivia's case.
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