Shock Therapy: How it Works in Economics, Examples

In economics, shock therapy theorizes that sudden, dramatic changes in national economic policy can turn a state-controlled economy into a free-market economy.
Newsweek

‘Shock Therapy’–With Emphasis On Shock

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Boris Yeltsin called it "shock therapy." For millions of Russians and ...
Nearshore Americas

Milei’s Shock Therapy Puts Argentina on a Path of Recovery

Argentina’s battered economy is finally showing signs of revival. President Javier Milei’s radical “shock therapy” is beginning to bear fruit. The fiscal rebound is already visible in the stock market ...
PBS

Up for Debate: Shock Therapy: Bolivia, Poland, Russia. Same Policies-Different Results

The term "shock therapy" refers to a set of radical economic reforms aimed at rapid economic stabilization, liberalization, privatization and the opening of the economy to international trade. Shock ...
Salon

The danger of Trump’s “shock therapy” for America

During a speech last year, Russell Vought, who is one of the chief architects of Project 2025 and now Trump’s Director of the Office of Management and Budget (OMB), warned that federal workers should ...