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Unit Two: Overview | Poland & Bolivia | Shock Therapy & Economic Indicators | Russia
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Use information contained in Country Reports data graphs (supplemented by Country Report text) to describe the consequences of "shock therapy" in Bolivia and Poland as reflected in the economic indicators. Use the table below to organize your findings.
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| Indicator | Bolivia
Start in 1985 | Poland
Start in 1990 |
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| Growth | | |
| Income | | |
| Inflation | | |
| Spending | | |
| Trade Volume | | |
| Unemployment | | |
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Now try the same exercise for Peru (starting in 1990) and Brazil (starting in 1994). Use the table below to organize your findings.
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| Indicator | Peru
Start in 1990 | Brazil
Start in 1994 |
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| Growth | | |
| Income | | |
| Inflation | | |
| Spending | | |
| Trade Volume | | |
| Unemployment | | |
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- Do you see trends that are consistent with the expected impacts of "shock therapy?" What are they? Do you see patterns that you would not expect? What are they?
- Review the historical narratives in the country reports, and see if you can identify factors that might account for your unexpected findings.
- What were the significant successes and problems attendant on shock therapy as implemented in Bolivia and in Poland?
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Answer key
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Unit Two: Overview | Poland & Bolivia | Shock Therapy & Economic Indicators | Russia
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