Two years after shock therapy, Poland's economy was already looking promising. In a market economy, prices are typically set by supply and demand. But under communism, for the most part, there were no price signals. The government told producers what to make and how much to charge.
In the early 90s, American economist Jeffrey Sachs was a part of a team that tried to transform Russia's economy. It did not go as planned. He tells us what he thinks went so wrong. | Subscribe to our weekly newsletter
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