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After the collapse of the Soviet Union a team of young economic
reformers led by Yegor Gaidar worked to create a new economic
future for Russia. Against an overwhelming threat of looming hunger
and civil war, they created a market economy which is still in
place today. In the face of crisis, a process of 'shock therapy'-
involving the end of price regulation, the introduction of
privatisation and a reduction in public spending - appeared
necessary. Their plans have been the subject of controversy ever
since - the path to the new economy was not smooth and Russia
continued to struggle with economic crises throughout the 1990s.
Yet Gaidar's plans have been widely praised for saving the country
from complete collapse. For the first time in this book, the
participants in the process reveal their experiences during those
frantic days, their insights into Yegor Gaidar and of the formation
of post-Soviet Russia. In doing so, this book provides a unique
perspective on contemporary Russia, making it an indispensable
resource for understanding its economic and political complexities.
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