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Explain shock therapy?

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Explain shock therapy?
  • 2 answers

Pragya Srivastava 6 years, 10 months ago

Shock therapy refers to painful model of transition from an authoritarian socialist system to a democractic capitalist system in Russia, Central Asia & east europe that was influenced by world bank and international monetary fund.

Amit Singh Rawat 6 years, 10 months ago

The model of trsnsition in russia and east europe inlfuenced by world bank and IMF is know as shock therapy
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