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 eastern Europe came to be known as ‘shock therapy'. Shock therapy varied in intensity and speed amongst the former second-world countries, but its direction and features were quite similar.

Which of the following was not a feature of 'shock therapy'?

a- Shift to a socialist economy.

b- Collective farming.

c- Private ownership.

d- Privatization of state assets.

e- High taxes on the import and export of goods.

a, b and e

Features of Shock Therapy:

a-Shift to a Capitalist economy.

b- Collective farming was to be replaced by Private Farming.

c- Private ownership.

d- Privatization of state assets.

e- Free trade regime and FDI.