Correct the following statement and rewrite: ASEAN stands for “Association of South East African Nation”.
How many Permanent members and how many Non- permanent Members does the U. N. Security Council have?
Name the two superpowers responsible for Cold War. When did the world become unipolar?
What is meant by “Shock Therapy”?
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‘. This was a transition from authoritarian socialist system to a democratic capitalist system.