The Agony of Reform

Go to The Commanding Heights website: www.pbs.org/commandingheights (Links to an external site.) Scroll to the
Storyline on your left to access Episode II: “The Agony of Reform.” Review the transcript summaries for the
chapters, and watch this video (link in the Modules and available from You Tube). Explain as fully as possible, how
& why microeconomic principles were applied to promote recovery in South America, Poland, India, and Russia (~ 3
pages). How effective were these microeconomic policy prescriptions and where were they the most successful?