Question

What is shock therapy ? What were the consequences of shock therapy in post communist
region ? Was it the best way for a transition from communism to capitalism? (write ans in six marks) ​

Answer 1

Answer:

Was this the best way to make a transition from communism to capitalism? Answer: 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.