Years of living under centrally-planned Communist rule left the economies of Iron Curtain countries ________.

Question

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Decades of Communist rule had a negative impact on the economies of these countries, leading to scarcity, rationing, and economic stagnation. The central planning system proved to be inefficient, resulting in shortages of basic consumer goods and a lack of innovation. The collapse of the Soviet Union and the end of the Cold War dealt a severe blow to these economies. As a result, many Iron Curtain countries, such as Poland and Hungary, faced economic crisis and had to undergo painful economic reforms to transition to a market-driven system.

Years of Living Under Centrally-Planned Communist Rule Left the Economies