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Compare and contrast the “shock therapy “of the USSR with “’the open door’ policy of China. 

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Compare/ Contrast 

China 

(a.) The Chinese did not go for shock therapy but opened their economy step by step. 

(b.) The privatization of agriculture began in 1982 and was followed by the privatization of industry in 1998. c. Trade barriers were eliminated only in special economic zones (SEZs) where foreign investors could set up enterprises. d. In China, the state played and continues to play a central role in setting up a market economy 

USSR; 

(a.) Shock therapy Gorbachev ahead of his times with Perestroika and Demokratizatsiya and Glasnost 

(b.) Sudden shift to Liberal Capitalism collapse of Economy. Rise of Mafia - Garage sale of Industries. 

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