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Compare shock therapy with chine open …

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Compare shock therapy with chine open economy
  • 1 answers

Sarita Chaudhary4437 5 years, 8 months ago

Shock therapy was a painful transition from authoritarian socialist economy to liberal capitalist economy. ..it was imposed by US on russia after the disintegration of USSR In the case of china ....it adopted open economy to increase the economic growth rate So both are different cases ...china adopted it willingly whereas on russia it was imposed forcefully
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