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What is shock therapy??

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What is shock therapy??
  • 1 answers

Rahul Jain 7 years, 9 months ago

The collapse of communism in the 2nd world was followed in most of these countries to a process of transition from an autocratic socialist system to a democratic capitalist system.The model of transition in russia, Central Asia and estern Europe that was influenced by the world Bank and international monetary fund came to be known as "Shock therepy".
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