Shock therapy (economics)
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Shock therapy is a term used by some non-economists to refer to the sudden release of price and currency controls (economic liberalization), withdrawal of state subsidies, and immediate trade liberalization within a country, usually also including large-scale privatization of previously public-owned assets.
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People
- Ludwig Erhard, architect of the West German post-War recovery
- Gonzalo Sánchez de Lozada, architect of shock therapy in Bolivia
- Jeffrey Sachs, chief economic proponent of shock therapy
- Leszek Balcerowicz, architect of Balcerowicz Plan for shock therapy in Poland
- Yegor Gaidar, architect of shock therapy in Russia
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Economic plans
- Bolivian Decree 21060, the original shock therapy reforms in Bolivia
- Economy and Free Market reforms in Chile under Pinochet, a.k.a. the Miracle of Chile
- Balcerowicz Plan
- Russia under Yeltsin and the History of post-Soviet Russia
- Reaganomics
- Rogernomics
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See also
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