Question
Political Science Question on Globalisation
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:
A
Current Therapy
B
Shock Therapy
C
Fiscal Therapy
D
Glasnost
Answer
Shock Therapy
Explanation
Solution
Shock Therapy involved rapid market liberalization and privatization, leading to economic upheaval.