Perestroika and its Implications for European Socialist Countries

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter 11 in Policy Choices for the 1990s, 1993, pp 289-305 from Palgrave Macmillan

Abstract: Abstract This chapter provides a critical evaluation of perestroika (restructuring) in the Soviet Union and examines its implications for the European socialist countries. Perestroika was introduced to reform the Soviet economy after the “period of stagnation” under Brezhnev. It involves combining centralized planning with elements of a market economy.

Keywords: Consumer Good; Economic Reform; Profit Maximization; Budget Deficit; Excess Demand (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13033-7_11

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DOI: 10.1007/978-1-349-13033-7_11

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