Explain 'Shock Therapy'.

Solution

The model of transition from socialism to capitalism in Russia, central Asia and east Europe that was influenced by the World Bank and the IMF is known as 'Shock Therapy'.

Some More Questions From The End of Bipolarity Chapter

What were the factors that forced Gorbachev to initiate the reforms in the USSR ?

What were the major consequences of the disintegration of the Soviet Union for countries likeIndia ?

What was Shock Therapy ? Was this the best way to make a transition from communism to capitalism ?

Write an essay for or against the following proposition : 'With the disintegration of the second world, India should change its foreign policy and focus more on friendship with the US rather than with traditional friends like Russia'.

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The End Of Bipolarity

Explain 'Shock Therapy'.

Some More Questions From The End of Bipolarity Chapter

What were the factors that forced Gorbachev to initiate the reforms in the USSR ?

What were the major consequences of the disintegration of the Soviet Union for countries likeIndia ?

What was Shock Therapy ? Was this the best way to make a transition from communism to capitalism ?

Write an essay for or against the following proposition : 'With the disintegration of the second world, India should change its foreign policy and focus more on friendship with the US rather than with traditional friends like Russia'.

Which was regarded to be the greatest symbol of the Cold War ?

When did the Berlin wall topple by the people?

Why is the fall of Berlin wall in 1989 considered as the end of bipolarity?

On which ideals was the Soviet system founded?

Mention two faults of the Soviet system.

Which state became the successor state of the USSR after its disintegration?

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