Jeffrey Sachs

Russia Launches 'Shock Therapy' Economic Reforms: Price Liberalization Triggers 2,520% Inflation and Economic Collapse

1992-01-02 00:00:00 +0000 UTC | Importance: 10/10

Russian President Boris Yeltsin ordered the liberalization of foreign trade, prices, and currency, launching the radical ‘shock therapy’ economic transformation designed by Deputy Prime Minister Yegor Gaidar, a 35-year-old liberal economist advised by Harvard’s Jeffrey Sachs. The …

Boris Yeltsin Yegor Gaidar Jeffrey Sachs Harvard University International Monetary Fund +1 more shock-therapy russia shock-doctrine neoliberalism privatization +5 more

Harvard's Sachs Becomes Yeltsin Economic Advisor After 'Grand Bargain' for Soviet Support Rejected by Bush Administration

1991-12-01 00:00:00 +0000 UTC | Importance: 8/10

Harvard economist Jeffrey Sachs became a formal economic advisor to Boris Yeltsin’s economic team in December 1991, after Yegor Gaidar—soon to be acting Prime Minister—contacted him in September requesting he come to Moscow to discuss Russia’s economic crisis. At that stage, Russia faced …

Jeffrey Sachs Boris Yeltsin Mikhail Gorbachev Yegor Gaidar George H.W. Bush +3 more russia jeffrey-sachs harvard shock-therapy foreign-policy +4 more