Answer :

The implementation of shock therapy post the disintegration of the USSR had severe implications on the country’s economy. The value of the Russian currency ‘Ruble’ declined dramatically and made the inflation rate extremely high. This caused the Russian people to lose their savings. It caused disintegration of the collective farm system and left the Russian people without food security. Without a proper alternative in place, the old trading structure also broke down. The devaluation of the ‘Ruble’ caused the Russian GDP to be lower in 1999 than its 1989 rate.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Which one of the Political Science - Board Papers

The value oPolitical Science - Board Papers