- Words: 4190
- Length: 10 Pages
- Topic: History - Asian
- Paper #: 57183615
This similarly encourages modest investment in Russia, a market of 150 million, even in the face of continuing economic difficulties and political uncertainty (Saunders, 105).
According to Sunders, the strategy developed to "globalize" Russia was known as "shock therapy." And its implementation began with the January 1, 1992 elimination of price controls on most goods. The objective of "shock therapy" was, in essence, to create a market economy in Russia