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What is Meant of Shock Therapy? - CBSE (Science) Class 12 - Political Science

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Question

What is meant of shock therapy?

Solution

After the disintegration of the Soviet Union, the process of transition from authoritarian socialist system to a democratic capitalist system influenced by the World Bank and International Monetary Fund (IMF) is known as ‘Shock Therapy’.

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Solution What is Meant of Shock Therapy? Concept: Shock Therapy and Its Consequenes.
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