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In economics, shock therapy is a group of policies intended to be implemented simultaneously in order to liberalize an economy, including liberalization of all prices, privatization, trade liberalization, and stabilization via tight monetary policies and fiscal policies.
Finland has been included in the tables as a reference point. It is a country whose economy was oriented towards trade with the USSR, but at the same time did not require a costly systemic transformation. The impact of the external shock of the collapse of the USSR economy can be estimated using this example.
The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian author and social activist Naomi Klein.In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago School of Economics have risen to global prominence because of a deliberate strategy she calls "disaster capitalism".
US dollar retreats from 2-year highs as Trump's 'shock-and-awe' trade policy looks to be 'more measured' Alexandra Canal. January 21, 2025 at 10:32 AM. The US dollar ...
But authors Emily Fry and Sophie Hale warned that British firms faced another major trade shock if the incoming US president implemented his threat to impose tariffs on all imports.
BUENOS AIRES (Reuters) -Argentina will weaken its peso over 50% to 800 per dollar, cut energy subsidies, and cancel tenders of public works, new Economy Minister Luis Caputo said on Tuesday ...
The 500 Days Program (Russian: программа "500 дней") was a shock therapy program to overcome the economic crisis in the Soviet Union by means of a transition to a market economy. Intended to comprehensively change the Soviet Union in a span of two years, it was ultimately a factor leading to the Soviet Union's collapse.
In his study, Klement found the extreme version of Trump’s tariff proposal, a 20% blanket tariff on foreign imports, plus a subsequent trade war, would reduce U.S. GDP by roughly 0.3% in the ...