Changes

'''''Perestroika''''', 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'', open elections were held, and industrial managers were granted greater autonomy. It also contributed to the complete collapse of the [[Soviet Union]]. See also ''[[glasnost]]'', its social and cultural counterpart.

'''''Perestroika''''', 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 state capitalist command economy, which had been inaugurated by Stalin's mass industrialisation policies, into a decentralized, market-oriented economy based on free market capitalism. Under ''perestroika'', open elections were held, and industrial managers were granted greater autonomy. It also contributed to the complete collapse of the [[Soviet Union]]. See also ''[[glasnost]]'', its social and cultural counterpart.

[[Category:Cold War]]

[[Category:Cold War]]

[[category:Soviet Union]]

[[category:Soviet Union]]