'''Perestroika''' ([[Russian]]: перестройка), which means "restructuring", was a new policy introduced by [[Mikhail Gorbachev]] in the [[Soviet Union]] to allow the people to own small businesses. Gorbachev tried to transform the stagnant, inefficient command economy into a decentralized, market-oriented economy. Under ''perestroika'', more people were allowed to participate in elections for Communist party bosses, and Communist party industrial managers were granted greater autonomy from Moscow central control. | '''Perestroika''' ([[Russian]]: перестройка), which means "restructuring", was a new policy introduced by [[Mikhail Gorbachev]] in the [[Soviet Union]] to allow the people to own small businesses. Gorbachev tried to transform the stagnant, inefficient command economy into a decentralized, market-oriented economy. Under ''perestroika'', more people were allowed to participate in elections for Communist party bosses, and Communist party industrial managers were granted greater autonomy from Moscow central control. |