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Shock therapy (economics)
 | This article is written like a personal reflection, personal essay, or argumentative essay that states a Wikipedia editor's personal feelings or presents an original argument about a topic. (February 2025) |
| Part of the behavioral sciences |
| Economics |
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| Part of the politics series on |
| Neoliberalism |
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In economics, shock therapy is a group of policies intended to be implemented simultaneously in order to liberalize an economy, including liberalization of all prices, privatization, trade liberalization, and stabilization via tight monetary policies and fiscal policies. In the case of post-Communist states, it was implemented in order to transition from a planned economy to a market economy. More recently, it has been implemented in Argentina by the administration of Javier Milei.
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