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