Economics/Finances Restructuring the Soviet Economy (0415067618)

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Restructuring the Soviet Economy

When Gorbachev introduced the concepts of "glasnost" and "perestroika" to the world, they were greeted with optimism and hope. Glasnost has exceeded all expectations; perestroika seems less likely to meet its goals. The future of the former Soviet Union is one of the crucial questions for the 1990s, and the success or failure of perestroika is central to this issue.

Restructuring the Soviet Economy examines Gorbachev's most pressing problem: the disintegration of the Soviet economy. David Dyker argues that the current chaos can be understood only in the context of the failure of fifty years of central planning. Can the Soviet economy recover from half a century of poor central planning and make the transition to a market economy? To answer this question, the author focuses on the crisis points--some new, some perennial--within the Soviet economy: the relationship between the enterprise, the regions, and the left; agriculture; investment and stagnation; inflation and the budget deficit. In conclusion, Dyker assesses whether the most ambitious attempt ever made to reform the Soviet economy will succeed.

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