Explanation:

The collapse of communism was followed in most of these countries by a painful process of transition from an authoritarian socialist system to a democratic capitalist system. The model of transition in Russia, Central Asia and east Europe that was influenced by the World Bank and the IMF came to be known as ‘shock therapy’. Part of it could be seen in how the economy was restructured post-breakdown, that involved more freedom to markets and enterprise and shunning the red tape. Shock therapy varied in intensity and speed amongst the former second world countries, but its direction and features were quite similar.