"Liberalization" Quotes from Famous Books
... most industries producing at only a fraction of past levels and an unemployment rate estimated at 40%. For over 40 years, the Stalinist-type economy operated on the principle of central planning and state ownership of the means of production. Fitful economic reforms begun during 1991, including the liberalization of prices and trade, the privatization of shops and transport, and land reform, were crippled by widespread civil disorder. Following its overwhelming victory in the 22 March 1992 elections, the new ... — The 1993 CIA World Factbook • United States. Central Intelligence Agency. |