AP Comparative Government and Politics / Unit 5: Political and Economic Changes and Development
5.4 Policies and Economic Liberalization
Notes
Economic liberalization: privatization, deregulation, lower trade barriers, foreign investment.
- China's market reforms (from 1978), Mexico's privatization, Russia's 1990s shock therapy.
- Structural adjustment programs from the IMF.
Practice
China's economic reforms after 1978 introduced:
Deng Xiaoping.
Selling state-owned companies to private owners is:
Liberalization.
Russia's rapid 1990s reforms were called:
Fast transition to markets.
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