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The collapse of Eastern Europe in ______ and USSR in ______ lead to emergence of the transitory economies.
  • a)
    1989, 1991
  • b)
    1988, 1995
  • c)
    1997, 1991
  • d)
    1980, 1987
Correct answer is option 'A'. Can you explain this answer?
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The collapse of Eastern Europe in ______ and USSR in ______ lead to em...
Option 1 : 1989, 1991
The End of Bipolarity Question 2 Detailed Solution
The correct answer is
The collapse of Eastern Europe in 1989 and USSR in 1991 lead to the emergence of the transitory economies.
Important Points
  • The revolutions of 1989 led to a wave of revolution from the late 1980s to the early 1990s which destroyed communism in Central and Eastern Europe.
  • Eastern Europe collapsed in 1989 and the USSR in 1991.
  • The fall of USSR led to the rise of the floating economy.
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The collapse of Eastern Europe in ______ and USSR in ______ lead to em...
Background:
The collapse of Eastern Europe in 1989 and the USSR in 1991 marked the end of the Cold War era and the emergence of transitory economies in the region. This period brought significant political, social, and economic changes that had a profound impact on the countries involved.

Impact on Eastern Europe (1989):
- The fall of the Berlin Wall in 1989 symbolized the end of communist rule in Eastern Europe.
- Countries like Poland, Hungary, Czechoslovakia, and East Germany transitioned to market economies and adopted democratic political systems.

Impact on USSR (1991):
- The dissolution of the Soviet Union in 1991 led to the emergence of independent states such as Russia, Ukraine, Belarus, and the Baltic countries.
- These newly independent states faced the challenge of transitioning from a centrally planned economy to a market-oriented economy.

Emergence of Transitory Economies:
- The collapse of Eastern Europe and the USSR created a vacuum that needed to be filled with new economic systems.
- The transitory economies in the region underwent a period of transition characterized by privatization, deregulation, and liberalization of markets.
- These countries faced challenges such as high inflation, unemployment, and social instability during the transition process.

Conclusion:
The collapse of Eastern Europe in 1989 and the USSR in 1991 paved the way for the emergence of transitory economies in the region. This period of transition brought about significant changes and challenges as countries moved from central planning to market-oriented systems.
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The collapse of Eastern Europe in ______ and USSR in ______ lead to emergence of the transitory economies.a)1989, 1991b)1988, 1995c)1997, 1991d)1980, 1987Correct answer is option 'A'. Can you explain this answer?
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