Answered

What has been the effect of the fall of communism world wide?
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A. the rise of socialism
B. the rise of free-market economics
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C. the rise of the welfare state
D. The fall of free-market economics

Verified Answer :

GinnyAnswer

Final answer:

The fall of communism globally has primarily resulted in the rise of free-market economics through transitions to capitalism, influenced by policies like Thatcherism and Reaganomics, as well as shifts towards market-based or socialist-market economies in certain countries.


Explanation:

The fall of communism worldwide has predominantly led to the rise of free-market economics as seen in the transition of many countries towards capitalism after the collapse of the Soviet Union and communism in Eastern Europe. This shift was further fueled by influential policies like Thatcherism and Reaganomics in the 1980s, leading to widespread deregulation and privatization. Moreover, the fall of communism also triggered changes in countries like Russia and Vietnam, moving them towards market-based or socialist-market economies.


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