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5 cards from this section. Quick, good the night before a test.
Define shock therapy.
Think about how economies transform.
What is the primary goal of privatization?
Ownership is shifting from public to private.
What was a primary feature of shock therapy?
Think about the nature of the changes.
Unemployment rose sharply due to shock therapy.
Check the outcomes on society.
Analyze the long-term socio-economic consequences of shock therapy on a post-communist state, using Russia as a case study.
Think about how economic policies affect social stability.
Debate the ethical implications and human costs of shock therapy in transitioning economies.
Consider the balance between progress and social responsibility.
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