Question

Following the fall of the Soviet Union, Russia saw a rise in political freedom and the economy implemented widespread price deregulation and privatization with several people becoming wealthy very quickly. In thinking about globalization, what theory best explains this event?

Answer 1

Neoliberalism.

Explanation:

If the inequality is increased so the individual income would be represent as a neoliberalism cause also it would be applied in that case when the soviet union fall witness the disparities that lies between the rich and the power having gap widening also. It affects the individuals those already wealthy in order to earn and make more profits and give less for the population that is poor to catch up and decline back on track