1. Russia as a Transitional Economy
This piece of information makes it hard to get reliable data on this topic even today, so most data are simply estimates. ... Characteristics of shock therapy include the ending of price controls, the privatization of publicly-owned entities and trade liberalization. ... The majority of state projects were privatized among great controversy and later became owned by insiders for far less than they were worth. ... Much of the reason for the recovery was weakening of the ruble, which made private producers more competitive nationally and internationally. ... The amount of consumer recognition be...
- Word Count: 1175
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate