REFORMING THE SOVIET CARTEL

Kent Osband

Contemporary Economic Policy, 1989, vol. 7, issue 1, 53-69

Abstract: The key to Soviet economic reform is competition. Cultural inertia, ideology, and vested privilege discourage competition. The attempts at reform have achieved no significant breakthrough in the state sector. In the non‐state sector the situation is more promising. To the extent that the new Law on Cooperatives is implemented, it may mark a turning point for perestroika.

Date: 1989
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