Question

what is the shock threapy in post communist regmies ? explains

Answer 1

Explanation:

Shock therapy is an economic theory that says that sudden, dramatic changes in national economic policy can turn a state-controlled economy into a free-market economy.

Answer 2

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Shock therapy is an economic theory that says that sudden, dramatic changes in national economic policy can turn a state-controlled economy into a free-market economy.

DEFINITION of 'Shock Therapy' A sudden and dramatic change in national economic policy that turns a state-controlled economy into a free-market one. Characteristics of shock therapy include the ending of price controls, the privatization of publicly-owned entities and trade liberalization

Economic plans...

• Bolivian Decree 21060, the original shock therapy reforms in Bolivia.

• Economy and Free Market reforms in Chile under Pinochet, a.k.a. the Miracle of Chile.

• Balcerowicz Plan.

• Russia under Yeltsin and the History of post-Soviet Russia.

• Fujishock, reform in Peru during the presidency of Alberto Fujimori.

• Reaganomics.

• Rogernomics.