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The End of Bipolarity — Political Science STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesPolitical ScienceThe End of Bipolarity1 Mark
Question
What is meant by ‘Shock Therapy’?
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Answer

The collapse of communism followed by a painful process of transition from an authoritarian socialist system to a democratic capitalist system influenced by the World Bank and the IMF is known as Shock Therapy.

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