The World Bank and IMF-influenced transition of post-communist economies is known as:
APerestroika
BShock therapy
CGreen Revolution
DNew Deal plan
Answer & Solution
Correct answer: B. Shock therapy
1. The transition was to a capitalist economy.
2. It was called shock therapy.
3. Private ownership and free trade were imposed.
_Source: NCERT Class 12 Political Science, Contemporary World Politics, Chapter 2, The End of Bipolarity._
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