After the collapse of the Soviet Union in 1991 and collapse of Russia's controlled economy, a new Russian Federation was created under president Boris Yeltsin in 1991. ... Yeltsin's program of market-oriented reform came to be known as a type of shock therapy. ...

• Word Count: 1175
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

1. Introduction The collapse of the Soviet Union in December 1991 sparked a wave of marketization in Russia Federation and Eastern Europe during which the term ˜transitional economy' was coined. Economic liberalisation in Russia was initiated by Boris Yeltsin who was given special power by the Rus...

• Word Count: 1874
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate