Post-communism in the context of "Shock therapy (economics)"

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⭐ Core Definition: Post-communism

Post-communism is the period of political and economic transformation or transition in post-Soviet states and other formerly communist states located in Central-Eastern Europe and parts of Latin America, Africa, and Asia, in which new governments aimed to create free market-oriented capitalist economies. In 1989–1992, communist party governance collapsed in most communist party-governed states. After severe hardships communist parties retained control in China, Cuba, Laos, North Korea, and Vietnam. SFR Yugoslavia began to disintegrate, which plunged the country into a long complex series of wars between ethnic groups and nation-states. Soviet-oriented communist movements collapsed in countries where they were not in control.

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👉 Post-communism in the context of Shock therapy (economics)

In economics, shock therapy is a group of policies intended to be implemented simultaneously in order to liberalize an economy, including liberalization of all prices, privatization, trade liberalization, and stabilization via tight monetary policies and fiscal policies. In the case of post-communist states, it was implemented in order to transition from a planned economy to a market economy. More recently, it has been implemented in Argentina by the administration of Javier Milei.

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Post-communism in the context of Conservative nationalism

National conservatism is a variant of conservatism that prioritizes the defense of national and cultural identity, often based on a theory of the family as a model for the state. It is oriented towards upholding national sovereignty, which includes opposing illegal immigration or immigration per se and having a strong military. National conservatism departs from economic liberalism and libertarianism and takes a more pragmatic approach to regulatory economics and protectionism. It opposes the basic precepts of enlightenment liberalism such as individualism and the universality of human rights, and in America and Europe is majoritarian populist. National-conservative parties often have roots in rural environments, contrasting with the more urban support base of liberal-conservative parties.

In Europe, national conservatives usually embrace some form of Euroscepticism. In post-communist central and eastern Europe specifically, most conservative parties since 1989 have followed a national conservative ideology. Most notable is Viktor Orbán in Hungary, who has explicitly described his Fidesz's ideology as being national conservative in character and whose government is involved in the funding and spread of national conservative institutions across Europe and the United States, such as the Danube Institute, the Mathias Corvinus Collegium, The European Conservative magazine and the National Conservatism Conference. In the United States, Trumpism can be considered a variety of national conservatism, which also gives its name to the National Conservatism Conference, organised by the Edmund Burke Foundation.

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