Perestroika: Economic Reforms & Private Incentives

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This lecture will delve into the transformative period of Perestroika initiated by Gorbachev in 1985, aiming to revitalize the Soviet economy through market mechanisms. We'll explore key economic reforms, such as granting state enterprise autonomy, legalizing private businesses, and enabling private ownership. The session further discusses the push for foreign investment, agricultural reforms, and nurturing the private sector. We'll analyze the effects, including economic disruptions,...