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DELUSIONS OF "SHOCK THERAPY".
- 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.
- Subjects :
- SHOCK therapy
COMMUNISM
ECONOMICS
ENCOURAGEMENT
BUSINESS enterprises
LABOR supply
Subjects
Details
- Language :
- English
- ISSN :
- 00123846
- Volume :
- 40
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Dissent (0012-3846)
- Publication Type :
- Academic Journal
- Accession number :
- 27589712