Arled: In 19 92, russia's sudden plunge into the rigors of the free market. E prices sky rocketed, shocking many russians. Arled: It's increasingly difficult to convince them that this is a necessary, if painful transition in Russia. The next fight oriente monetary reform s playbook required the government to control inflation and stabilize its currency.
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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