Abstract
In the 20th century, most of the world's nations tried to create prosperity through government control of their economies—from the totalitarian central planning of the communist world to more democratic nations that tried to develop their economies by nationalizing industries and protecting them from foreign competition. But in the 1980s those policies began to fail dramatically, and the fall of the Berlin Wall unleashed an era of dramatic and turbulent worldwide economic reform. This episode tells the story of the downfall of those economies and how new leaders embraced the idea of “shock therapy”—a rapid conversion to free-market capitalism. The program focuses in detail on how reform played out in several countries—Russia, Poland, India, Bolivia, and Chile—as they lived through the upheavals of rapid change, dealing with both the new freedoms and the new dangers of privatization, deregulation, and freewheeling competition.
Collection
Subject
Series
Commanding Heights: The Battle for the World Economy
Contributors
Lysaght, Chris (Editor), Baynes, Jeff (Videographer), Foss, Paul (Composer), Cran, William (Writer), Yergin, Daniel (Writer), Stiers, David Ogden (Narrator), Cran, William (series producer), Cran, William (Director), Films for the Humanities & Sciences (Firm) (Distributor), Invision Productions Limited (Producer), Heights Productions, Inc (Producer), WGBH Boston, Lion Television Limited
Duration
01:56:48 (HH:MM:SS)
Language:
English
Target or Intended Audience
Higher education
Copyright Holder
| Name | Films Media Group (Firm) |
| Role | Distributor |
| Telephone | 800-322-8755 |
| Address | 132 West 31st Street 17th Floor New York, NY 10001 |
| [email protected] |
Rights Declaration:
This video is protected by copyright. You are free to view it but not download or remix it. Please contact the licensing institution for further information about how you may use this video.
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