Economic Transition in Central and Eastern Europe

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18 Questions

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

To transition to a free trade regime and attract foreign investment

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

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

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

To introduce private farming and capitalist practices

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

It was encouraged and promoted as a key engine of change

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

To integrate into the Western economic system

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

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.

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

Support on issues like Kashmir and energy supplies.

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.

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.

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

The co-existence of several powers.

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

To empower more countries to have a say in international decision-making.

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

People enjoyed economic freedom

What was a consequence of the disintegration of the USSR?

The end of the ideological war between the US and USSR

Which of the following events occurred FIRST?

Russian Revolution

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

The birth of the Commonwealth of Independent States (CIS)

Why is Russia important to India?

Russia is a significant arms supplier to India

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

Improved access to Central Asia for India

This quiz covers the economic transition in Central and Eastern Europe, including the privatization of state assets, the introduction of private farming, and the shift to capitalism. It also involves identifying the Central Asian Republics on a map.

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