Describe any four consequences of Shock Therapy.

Solution

The consequences are:

(i) Collective farms were replaced by private farming and capitalism in agriculture.

(ii) Privatisation of state assets and corporate ownership patterns were immediately brought in.
(iii) Development began to be envisaged through more trade and sudden and complete switch to free trade was considered essential.

(iv) It also involved a breakup of the existing trade alliance among the countries among the countries of the Soviet bloc.

Some More Questions From The End of Bipolarity Chapter

Which among the following statements that describe the nature of Soviet economy is wrong?

Arrange the following in chronological order:

Which among the following is not an outcome of the disintegration of the USSR?

Match the following:

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'.

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The End Of Bipolarity

Describe any four consequences of Shock Therapy.

Some More Questions From The End of Bipolarity Chapter

Which among the following statements that describe the nature of Soviet economy is wrong?

Arrange the following in chronological order:

Which among the following is not an outcome of the disintegration of the USSR?

Match the following:

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'.

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