MindMap Gallery Yeltsin's market-oriented reform history

Yeltsin's market-oriented reform history

Yeltsin's market-oriented reform history began with "Shock Therapy," centered around rapid economic liberalization. The "Privatization" policy involved the sale of state-owned enterprises and the issuance of privatization vouchers to citizens, aiming to establish a private economy. Meanwhile, "Price liberalization" eliminated price controls, allowing the market to determine prices. Although these measures caused economic turmoil in the short term, they laid the foundation for Russia's transition to a market economy.

Edited at 2025-01-11 11:27:11
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Yeltsin's market-oriented reform history

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