Question
Assess any two consequences of shock therapy.

Answer

  1. In Russia, the large state-controlled industrial complex almost collapsed, as about 90 percent of its industries were put up for sale to private individuals and companies at throw-away prices called as “the largest garage sale in history”.
  2. The value of Ruble declined dramatically.
  3. The collective farm system disintegrated.
  4. Privatization took the control of many economic activities.
  5. The old Russian system of social welfare was systematically destroyed.

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