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Transcript
CHAPTER 36 Economic Growth in Developing and Transitional Economies
The Transition to a Market Economy
Six Basic Requirements for Successful Transition
Shock Therapy or Gradualism?
shock therapy The approach to transition from
socialism to market capitalism that advocates
rapid deregulation of prices, liberalization of trade,
and privatization.
© 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster
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