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Advocates of shock therapy in transition economies propose a rapid shift from a centrally planned economy to a market-based system. This approach involves the simultaneous
Advocates of shock therapy in transition economies propose a rapid shift from a centrally planned economy to a market-based system. This approach involves the simultaneous release of price and currency controls, withdrawal of state subsidies, and immediate trade liberalization within a country, among other measures
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
