Construct · 1 fields · 1 citations

shock therapy: a standalone construct

One name. One construct. A landmark on the map.

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Economic history

rapid, comprehensive liberalization and stabilization to move a socialist economy to markets, as proposed for Poland in 1990.

In economic history, shock therapy refers to rapid, comprehensive liberalization and stabilization to move a socialist economy to markets, as proposed for Poland in 1990. This meaning comes from Lipton (1990) in Brookings Papers on Economic Activity.[1]

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Nearby constructs

shock3 fields · 3 citationsjingle · one word, three constructs

References

Lipton, D., & Sachs, J. (1990). Creating a Market Economy in Eastern Europe: The Case of Poland. Brookings Papers on Economic Activity, 1990(1), 75. https://doi.org/10.2307/2534526

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