Perestroika
This is an old revision of this page, as edited by Will N. (talk | contribs) at 20:16, January 19, 2007. It may differ significantly from current revision.
"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 elctions were held, and industrial managers were granted greter automony. It also contributed to the complete collapse of the Soviet Union.