Economic Shock therapy: the Effect on Russia and Poland

Abstract: 6 pages. Shock therapy in different countries can lead to different economic outcomes as evidenced by Poland and Russia. Economic shock therapy begins with the sudden lifting of price controls. This causes an uncontrollable spiral of rising prices, rising wages, and the dropping of the currency. Shock therapy led to the establishment of an authoritarian regime in Russia while a similar economic strategy had a different outcome in Poland. This paper explains the reasons behind these outcomes. Bibliography lists 5 sources.

Filename: JGAshock.wps

Pages: 6

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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