Shock therapy proponents Sachs and Lipton argued in 1990, "The great conundrum is how to privatize a vast array of firms in a manner that is equitable, swift, politically viable, and likely to create an effective structure of corporate control."[2] They recommended that the pace "must be rapid, but not reckless," and should "probably be carried out by many means."[2] In the view of shock therapy proponents, trade liberalization requires domestic price liberalization first; thus a "big bang" in price liberalization underlying both privatization and trade liberalization forms the "shock" in the moniker "shock therapy."[2]
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