The initial implementation of shock therapy in Bolivia has been incredibly effective. Less than a week after the therapy was implemented, hyperinflation was strongly curbed and prices stabilized from skyrocketing. Inflation was only 10-15 per cent in 1986-1987, 21.5 per cent in 1988 and 16.6 per cent in 1989. The national economy has gradually rebounded after a brief decline. In 1986, the first year of shock therapy, GDP fell by 2.9 per cent, but growth continued at around 2.5 per cent in subsequent years. At the same time, thanks to effective measures, the debt problem has been significantly alleviated and Bolivia has finally been able to overcome its serious debt crisis.

The success of shock therapy in Bolivia earned Sachs a high reputation. The astonishing changes that have taken place in Bolivia have been called the "Bolivian miracle" by the world, and Sachs himself has been hailed as the "golden boy of international finance", and shock therapy has become world-renowned and attracting the attention of the world.

So, no one can predict the future. Shock therapy, which was quite successful in Bolivia, failed in the Soviet Union and Eastern Europe. In fact, the reason is not complicated, Lao Tzu said: If you govern a big country, you should cook small fresh. Such a drastic economic policy, applied to a small country, may be able to stand up and pass, but when applied to a large country, it may immediately deteriorate into a terminal illness. Therefore, in the Soviet Union and Eastern Europe, the turmoil in small countries such as the Czech Republic is relatively small, but when it comes to Russia, ahem, don't mention it!

Therefore, the economic prescription also varies from country to country. Big countries like China and the former Soviet Union can only take their time step by step, just like cooking Xiaoxian.

However, the current Jing Jian has not reached the height of worrying about the country and the people, for him, it is nothing more than wanting to make the lives of the people around him, including their families, better. After thinking about it, Jing Jian patted Cao Haiyan: "There may be an investment opportunity, this time I will take you with me, ready for $20,000." ”

"What kind of opportunity? Is it still the U.S. stock market?" Cao Haiyan raised her head, with strong interest in her eyes. Microsoft's success has finally allowed her to appreciate a new world.

"It's the stock market, it's not in the United States. Jing Jian stood up, "I made an appointment this morning, and there is no guarantee of success." Maybe we'll have lunch together, and I'll be with you in the afternoon. ”

"Don't!" Cao Haiyan hugged Jing Jian, constantly coquettish, "Don't rob me of my money!"

"Huh. Knowing that Cao Haiyan was coquettish, in fact, she had already agreed, Jing Jian smiled, "Don't worry, it's a real loss, I'll compensate you." ”

"Don't!" Cao Haiyan didn't give up, "You already want my people, and you still want my money, why is my life so bitter!"

"Hehe, don't make trouble!"

"Don't...... Please, please, let me go!"

"Haha, teach you a word - set yourself on fire! No one will pay attention to your throat if you scream! Hahaha!"

"Uhhh......h

“......”

......

When Jing Jian rushed to the open-air bar by the sea, Jiang Zhijiao and another person were already waiting there. After smiling and hugging, Jiang Zhijiao introduced Jing Jian: "This is Mr. Hu, my old friend of Baodao." ”

"Hello, Hu Qin. "That Mr. Hu is a middle-aged man, not tall, with a gentle appearance, wearing a pair of black-framed glasses, although his face is smiling, but there is a sense of condescension.

Jing Jian was quite familiar with such facial expressions, and in his previous life, he had dealt with such people countless times. If I'm not mistaken, this should be a treasure island official. At this time, the treasure island is the same as the mainland, and the atmosphere of the official standard is still quite strong. Although this Hu Qin is very enthusiastic, that sense of superiority can't be hidden.

"Hello, Jing Jian. Fortunately, fortunately. ”

The servants sat down, and Jing Jian ordered a glass of juice. Jiang Zhijiao introduced: "Xiao Jian, although Brother Hu is based in the United States, his family has many connections in Baodao. Something, just open your mouth. The two of us have been friends for more than a decade. ”

And that Hu Qin smiled reservedly: "Where can there be less than Jing." As soon as he made a move, he was shocked. I'm a long-time admirer. Jing Shao, I heard that you came from the mainland?"

"Brother Hu is polite. "Dealing with such a treasure island official, Jing Jian is very careful when he speaks. Many of these officials stationed in the United States have special statuses. Before this, the reason why Jing Jian even wanted to give up the opportunity of the treasure island was because of this reason. He wanted to eat mutton, but he also didn't want to mess with the smell of sheep, "We are refreshing people, Brother Jiang and Brother Hu are also their own people, just one thing, I want to go to Treasure Island to make a fortune, are you interested? ”

"Oh, what is it?" asked Hu Qin.

"Stocks. I'll not hide it from you, I have the inside scoop. ”

"Oh, can you tell me?" Jiang Zhijiao had tasted the sweetness before, so when he heard this, he was immediately interested.

"Half a year, at least double the earnings. I can come up with at least $15 million around me. Jing Jian is straightforward, not to talk about anything else, it is money, "At present, there are several problems, funds in and out, and local relations on the treasure island." I can't go to Treasure Island, but I will send Wall Street investment experts to take care of the specific operations. ”

"Oh?" Hu Qin's eyes lit up, "Jing Shao, in fact, you can arrange for you to enter and leave the treasure island." You are guaranteed to feel at home. Even if you have the identity of the mainland, it still doesn't matter. ”

As soon as he heard this, Jing Jian was completely sure that Hu Qin had a special identity. In the final analysis, it is the identity of the "heir to the big family" that is causing the trouble, and such an "influential" figure will certainly be the object of the two sides of the strait's strenuous efforts.

"Huh. Jing Jian smiled, his expression arrogant, "Baodao is coarse tea and light rice, and the mainland is Yan Bao's winged belly, Brother Hu, which table do you say I will go to? Although Baodao has a good opportunity now, I can't eat this meal for the rest of my life, right?"

Hu Qin smiled slightly, and his qi cultivation kung fu was good: "Jing Shao, you misunderstood. If you want to invest in Treasure Island, we certainly welcome you. However, the United States and Dongying Treasure Island are indeed incomparable, and the mainland? ”

It is undeniable that compared with the mainland, the people of Baodao at this time have a strong sense of superiority.

At that time, the island's economy had achieved an average high growth rate of 9% for 40 consecutive years, and its foreign exchange reserves were second only to Dongying and the second in the world. A large number of labor-intensive industries have moved to Baodao, and the employment rate is extremely high. The factory advertised a job in the newspaper and did not even receive a single letter of application.

In addition to the growth of wealth reserves, private income has also increased significantly. At that time, the island's wage income grew rapidly, and the bonuses and dividends at the end of the year were even more generous; ordinary civil servants could receive one to two months' additional salaries at the end of the year; workers in some ordinary industries could generally receive three months' wages at the end of the year; in some monopoly industries, the amount of the year-end bonuses was usually equivalent to seven to eight months' monthly wages; and in those industries with rapid expansion, such as securities companies, the year-end bonuses were as high as 70 months, or even 100 months' monthly wages.

The period from 1986 to 1992 was the golden period of the island's economy.