Economic Transition in Central and Eastern Europe

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What was the primary goal of the shock therapy in the economies of Soviet bloc countries?

To promote regional trade alliances among the Soviet bloc countries

To strengthen the collective farming system

To establish a mixed economy

To transition to a free trade regime and attract foreign investment (correct)

What was the consequence of the shock therapy on the trade alliances among the Soviet bloc countries?

They were strengthened and expanded

They were gradually dissolved and replaced with direct links to the West (correct)

They were completely abolished and replaced with bilateral trade agreements

They were maintained, but with some modifications

What was the vision for the agricultural sector under the shock therapy?

To maintain collective farming and state-controlled agriculture

To introduce private farming and capitalist practices (correct)

To establish a mixed economy in agriculture

To promote cooperative farming and communal ownership

What was the role of foreign direct investment (FDI) in the shock therapy?

It was encouraged and promoted as a key engine of change Signup and view all the answers

What was the ultimate goal of the shock therapy for the economies of Soviet bloc countries?

To integrate into the Western economic system Signup and view all the answers

What was the impact of the shock therapy on the Soviet bloc countries' external orientation?

It resulted in a sudden and complete switch to free trade Signup and view all the answers

What is a key feature of collective security in the international system?

An attack on one country is regarded as a threat to all countries and requires a collective response. Signup and view all the answers

What is a benefit of India's relationship with Russia?

Support on issues like Kashmir and energy supplies. Signup and view all the answers

What is the purpose of the STEP exercise in the classroom?

To have students research and present on a country's political, social, and economic profile during the Cold War and after the collapse of communism. Signup and view all the answers

What was the result of the disintegration of the Soviet Union for some of its satellite states?

They gained independence and formed their own governments. Signup and view all the answers

What is a key feature of the international system in the context of order?

The co-existence of several powers. Signup and view all the answers

What is a goal of strengthening and democratizing bodies like the UN?

To empower more countries to have a say in international decision-making. Signup and view all the answers

Which of the following was NOT a characteristic of the Soviet economy?

People enjoyed economic freedom Signup and view all the answers

What was a consequence of the disintegration of the USSR?

The end of the ideological war between the US and USSR Signup and view all the answers

Which of the following events occurred FIRST?

Russian Revolution Signup and view all the answers

What was a result of the Soviet Union's disintegration?

The birth of the Commonwealth of Independent States (CIS) Signup and view all the answers

Why is Russia important to India?

Russia is a significant arms supplier to India Signup and view all the answers

What has been a consequence of India's relations with Russia?

Improved access to Central Asia for India Signup and view all the answers

Economic Transition in Central and Eastern Europe

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