Bang Poland Pdf
Shock therapy proponents Sachs and Lipton argued in 1990, \"The great conundrum is how to privatize a vast array of firms in a manner that is equitable, swift, politically viable, and likely to create an effective structure of corporate control.\"[2] They recommended that the pace \"must be rapid, but not reckless,\" and should \"probably be carried out by many means.\"[2] In the view of shock therapy proponents, trade liberalization requires domestic price liberalization first; thus a \"big bang\" in price liberalization underlying both privatization and trade liberalization forms the \"shock\" in the moniker \"shock therapy.\"[2]