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Episode Two: The Agony of Reform

Chapter 1: Prologue 3:49
  • A perilous interdependence
  • The capitalist revolution
  • Title sequence

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Information: Episode Two Overview; Other Sheltered Economies: Japan 1937-45, Thailand 1957-71, Indonesia 1957-81; Up for Debate: India and Planning
Information: About the Book; Information: Series Credits
Chapter 2: The Ghosts of Norilsk 4:27
  • Slow trains to Siberia
  • The gulag economy
  • The essence of Soviet power
  • Socialism's influence

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Interview: More about Norilsk; Country Report: Russia 1921-1952; Profile: Marx and Engels; Interview: George Shultz; Essay: Independent Africa; Essay: Socialism and the Third World; Country Report: Communist Cuba; Country Report: Communist China; Profile: Mao Zedong
Chapter 3: Behind the Iron Façade 8:18
  • A double agent escapes
  • What Gordievsky knew
  • The true cost of military might
  • No water, no fire, no incentives

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Interview: Inside The Soviet System: Anatoly Chubais, Leszek Balcerowicz; Interview: Grigory Yavlinsky
Chapter 4: India's Permit Raj 3:04
  • Central planning and corruption
  • Protection vs. innovation
  • The shortage economy
  • Hindustan vs. Toyota

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Country Report: India 1980; Interview: Narayana Murthy; Interview: Palaniappan Chidambaram; Interview: Jairam Ramesh
Chapter 5: Latin American Dependencia 2:03
  • A shared suspicion of trade
  • Doomed to underdevelopment?
  • Dependency theory explained
  • The cost of closed markets

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South American Sheltered Economies: Chile 1926-73, Argentina 1929-75, Mexico 1934-87, Brazil 1935-84, Bolivia 1953-1984, Peru 1969-89, Cuba 1960-present; Essay: More on Dependencia; Interview: Moises Naim
Chapter 6: Counterrevolution in Chile 3:30
  • The left wins an election
  • Allende is assassinated
  • An economy doesn't obey orders
  • Seeking a serious blueprint

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Country Report: Chile 1971; Interview: President Ricardo Lagos; Interview: Arnold Harberger
Chapter 7: Chicago Boys and Pinochet 8:16
  • What Chicago stood for
  • Cutting the tail off the dog
  • Growth at a high human price
  • A tainted legacy

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Up for Debate: Reform without Liberty; Essay: More about the Chicago School; Interview: Arnold Harberger; Interview: Milton Friedman
Chapter 8: Heresy in the USSR 8:08
  • A campfire conspiracy
  • Enter Gorbachev
  • The pantyhose commission
  • New pressure from the West

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Country Report: Russia: 1976-85; Interview: Anatoly Chubais; Interview: Yegor Gaidar; Interview: Mikhail Gorbachev; Country Report: USA 1981; Country Report: Britain 1979
Chapter 9: Poland's Solidarity 7:32
  • Thatcher's demand
  • The shipyards of Gdansk
  • A longing for freedom
  • The crucial meeting

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Country Report: Poland 1980-88; Interview: Lech Walesa; Profile: Margaret Thatcher
Chapter 10: Bolivia at the Brink 7:07
  • Coups and hyperinflation
  • Bolivia confronts the tiger
  • Unreasonable amounts of money
  • Cocktails in La Paz

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Country Report: Bolivia 1982-84; Information: Hyperinflation; Interview: Moises Naim; Interview: Jeffrey Sachs
Chapter 11: Shock Therapy Applied 4:48
  • The bad news all at once
  • Common economic sense
  • The effect on Latin America
  • We did it in a democracy

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Country Report: Bolivia 1985; Interview: Gonzalo Sanchez de Lozada; Up for Debate: Shock Therapy; Interview: Domingo Cavallo
Chapter 12: The Miracle Year 6:57
  • Poland in crisis
  • A phone call ends the Cold War
  • Extraordinary politics
  • Watching the price of eggs

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Interview: Jeffrey Sachs; Country Report: Poland 1989; Interview: Lech Walesa; Country Reports: Hungary 1989, East Germany 1989, Czechoslovakia 1989; Interview: Leszek Balcerowicz; Lifting Price Controls: Germany 1948, Russia 1992
Chapter 13: Poland in Transition 2:39
  • Privatizing state industries
  • Solidarity loses support
  • The hardest hit had helped most
  • Poland's entrepreneurial drive

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Country Report: Russia 1921-1952; Interview: Leszek Balcerowicz; Up for Debate: Shock Therapy
Chapter 14: Gorbachev Tries China 7:17
  • Yavlinsky's report
  • Gorbachev hesitates
  • Visiting Deng Xiaoping
  • No easy way out

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Interview: Grigory Yavlinsky; Interview: Michail Gorbachev; Country Report: China 1989; Profile: Deng Xiaoping; Country Report: China's Reforms; Interview: Jeffrey Sachs
Chapter 15: Soviet Free Fall 4:52
  • Hard-liners strike back
  • The Soviet Union disintegrates
  • No one at the controls
  • The boys in pink shorts

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Country Report: Russia 1991; Interview: Yegor Gaidar; Interview: Lilia Shevtsova; Interview: Anatoly Chubais; Interview: Jeffrey Sachs; Interview: Boris Jordan
Chapter 16: Reform Goes Awry 4:26
  • Jump-starting the market
  • The old guard fuels inflation
  • Norilsk in despair
  • Belief undermined

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Country Report: Russia 1992; Interview: Yegor Gaidar; Lifting price controls: Germany 1948, Poland 1989; Interview: Lilia Shevtsova; Interview: Grigory Yavlinsky; Information: Hyperinflation; Up for Debate: Shock Therapy
Chapter 17: India Escapes Collapse 3:16
  • Watching Russia go down
  • Bankruptcy ahead
  • Turning against the party
  • Ending the Permit Raj

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Country Report: India 1991-95; Interview: Manmohan Singh; Interview: Palaniappan Chidambaram; Up for Debate: India and Planning
Chapter 18: Russia Tries to Privatize 5:33
  • Voucher capitalism
  • Bolshevik biscuits
  • Gaidar sacrificed
  • The Wild East

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Country Report: Russia 1992; Interview: Taking state-owned companies public; Interview: More on privatizing Russia; Interview: Yegor Gaidar; Interview: Jeffrey Sachs
Chapter 19: Loans For Shares 6:18
  • Up against the Red Directors
  • Filatov of Norilsk
  • Fighting a Communist comeback
  • Yeltsin and the oligarchs

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Country Report: Russia 1992-1995; Interview: Grigory Yavlinsky; Interview: Anatoly Chubais; Interview: Vladimir Potanin; Interview: Boris Jordan; Interview: Lilia Shevtsova
Chapter 20: Closing the Deal 3:50
  • This way or nothing?
  • Potanin takes Norilsk
  • Responsibility comes later
  • Russia defaults; Yeltsin resigns

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Interview: Anatoly Chubais; Interview: Yegor Gaidar; Interview: Vladimir Potanin; Interview: Grigory Yavlinsky; Up for Debate: Russian Privatization
Chapter 21: A Decade of Radical Change 7:38
  • Poland begins to thrive
  • Mixed results in Latin America
  • India's new growth
  • Russia moves forward

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Key Events: The World, 1990-2000; Interview: Domingo Cavallo; Interview: Ricardo Lagos; Interview: Gonzalo Sanchez de Losada; Interview: Jairam Ramesh; Interview: P. Chidambaram; Interview: Jeffrey Sachs; Interview: Lilia Shevtsova


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