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Unit 1: The End of Bipolarity 8
The End of Bipolarity Disintegration of Soviet Union, Unipolar World, Middle East Crisis – Afghanistan, Gulf War, Democratic Politics and Democratization – CIS and the 21st Century (Arab Spring).
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LEADERS OF THE SOVIET UNIONLecture1.1
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WHAT WAS THE SOVIET SYSTEMLecture1.2
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PROBLEMS WITH USSR / REASONS OF DISINTEGRATIONLecture1.3
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GORBACHEV AND THE DISINTEGRATIONLecture1.4
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WHY DID THE SOVIET UNION DISINTEGRATELecture1.5
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SHOCK THERAPY IN POST COMMUNIST REGIMESLecture1.6
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TENSIONS AND CONFLICTS IN FORMER SOVIET REPUBLICSLecture1.7
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INDIA AND POST COMMUNIST COUNTRIESLecture1.8
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Unit 2: New Centres of Power 0
Organizations: European Union, ASEAN, SAARC, BRICS. Nations: Russia, China, Israel, India, Japan and South Korea
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Unit 3: Contemporary South Asia 0
Conflicts and efforts for Peace Democratization in South Asia: Pakistan, Nepal, Bangladesh, Sri Lanka, Maldives
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Unit 4: United Nations and its Organizations 0
Principal Organs, Key Agencies: UNESCO, UNICEF, WHO, ILO, Security Council and the Need for its Expansion.
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Unit 5: Security in Contemporary World 0
Security: Meaning and Type; Terrorism.
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Unit 6: Environment and Natural Resources 0
Environmental Movements, Global Warming and Climate Change, Conservation of Natural Resources.
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Unit 7: Globalization 0
Globalization: Meaning, Manifestation and Debates.
No items in this section
SHOCK THERAPY IN POST COMMUNIST REGIMES
Shock Therapy in Post Communist Regimes
- The model of transition from an authoritarian socialist system to a democratic capitalist system in Russia, Central Asia and East Europe which was influenced by the World Bank and the IMF came to be known as ‘Shock Therapy’.
- It also involved a break up of the existing trade alliances among the countries of the Soviet bloc.
- Largest Garage Sale.
- This process of transition was due to the Collapse of Communism.
- There was a need to make a total shift to a capitalist economy which meant rooting out completely any structures evolved during the Soviet period.
- Shock therapy also involved a drastic change in the external orientation of these economics.
Consequences of Shock Therapy
- Ruined Economies and disaster upon the people of the entire region.
- ‘Ruble’ declined. People lost all their savings due to high rate of inflation.
- The government withdrew subsidies which pushed large sections of the people into poverty. The middle classes were pushed to the periphery of society.
- The construction of democratic institutions was not given the same attention and priority as the demands of economic transformation.
- Most of these economies, were not able to revive their economies.
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