Question:
The model of transition in Russia, Central Asia, and East Europe that was influenced by the World Bank and the IMF came to be known as:
The model of transition in Russia, Central Asia, and East Europe that was influenced by the World Bank and the IMF came to be known as:
Updated On: Oct 28, 2024
- Current Therapy
- Shock Therapy
- Fiscal Therapy
- Glasnost
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The Correct Option is B
Solution and Explanation
Shock Therapy involved rapid market liberalization and privatization, leading to economic upheaval.
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