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The End Of Bipolarity

Question

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What were the step required for transition from socialism to capitalism ?

Solution

The following steps were required for transition from socialism to capitalism:

(i) Private ownership.

(ii) Privatisation of state assets.

(iii) Private farming in place of collective farms.

(iv) Change in trading system from controlled to free trade and foreign direct investment,

(v) Deregulation and currency convertibility.

(vi) Break up of existing trade alliance among the countries of the Soviet bloc and to link themselves with the West.

Some More Questions From The End of Bipolarity Chapter

Fill in the blanks:

a. The Soviet political system was based on ideology.
b. was the military alliance started by the USSR.
c. party dominated the Soviet Union’s political system.
d. initiated the reforms in the USSR in 1985.
e. The fall of the __ symbolised the end of the Cold War.

Mention any three features that distinguish the Soviet economy from that of a capitalist country like the US.

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?

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