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What is shock therapy ?

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What is shock therapy ?
  • 5 answers

Aarohi ? 5 years, 4 months ago

Shock therapy is a "sudden" painful process of transition from an authoritarian socialist system to a democratic capitalist system. The word "sudden" is the key word , you will loose half marks if this word is missing.

Amit Jha 5 years, 4 months ago

It is the paiful process to changing evonomy from socialism to authoritarian capitalism.they take loan from the world bank,IMF,etc. .

Deveshi Sharma 5 years, 4 months ago

A painful procedure of changing from socialism to capitalism and liberalism under thr hegemony of of bretton woods system is know as shok therapy

Anjelia Limboo 5 years, 4 months ago

Yeah the answer given by@Anmol_Rawat is true buh exactly the answer is that concequences during the transition of the former USSR from soviet(socialist) system to capitalist system is known as Shock therapy. When the Soviet Union disintegreted the whole Eastern Europe came in trouble one by one. so , the flowency of concequences of transition of USSR into capitalist like femine, economic stagnant, social stagnant and so on to whole USSR (Eastern Europe) known as Shock therapy.

Amol Rawat 5 years, 4 months ago

The process of transition of the former USSR republics from socialist authoritarian regime to a democratic capitalist system.
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