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Six consequences of shock therapy?

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Six consequences of shock therapy?

Posted by Manu Manu 6 years, 7 months ago

CBSE > Class 12 > Political Science

1 answers

Abhishek Nayal 6 years, 7 months ago

1A large state owned industries were put up for sale at throwaway prices. This was known as the ‘largest garage sale’. 2The value of the Ruble (Russian currency) declined. 3Collective farm was removed with no food security. 4The old trading structure was broken without any alternative. 5Privatizations widen the gap between rich and poor. 6A new Mafia emerged which tried to control economic activities by forces

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