|Consequence of ?Shock Therapy?:|
|(i) In Russia, the large state-controlled industrial complex almost collapsed, as about 90 per cent of its industries were put up for sale to private individuals and companies at throw-away prices called as "the largest garage sale in history?.|
|(ii) The value of ruble declined dramatically and the inflation rate was so high that people lost their savings.|
|(iii) The Russian old system of social welfare was systematically destroyed and the withdrawal of government subsidies pushed large sections of the people into poverty.|
|(iv) Post - Soviet states, especially Russia, were divided between rich and poor regions resulting into great economic inequality.|
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