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DELUSIONS OF "SHOCK THERAPY".

Authors :
Parker, Richard
Source :
Dissent (0012-3846); Winter93, Vol. 40 Issue 1, p72-80, 9p
Publication Year :
1993

Abstract

The article discusses shock therapy of Eastern Europe's economy which occurred after the collapse of Berlin Wall, in Germany, that ended communism in Eastern Europe. Post-communism's promise of transition happened rapidly in the former East Germany only where the Treuhand agency had sold only four thousand of the ten thousand state enterprises of its control, and more than a third of the work force were un- or underemployed. According to the article, Eastern Europe should face the obligation ahead of them, that is to play a role in encouraging the recovery of the economy. Leading a recovery needed an exact commitment in demanding something that the balanced-budget shock therapist have been unwilling to recommend.

Details

Language :
English
ISSN :
00123846
Volume :
40
Issue :
1
Database :
Complementary Index
Journal :
Dissent (0012-3846)
Publication Type :
Academic Journal
Accession number :
27589712