Who move the soviet economy to a market economy?

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2026-03-05 16:25

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The transition of the Soviet economy to a market economy was primarily facilitated by Mikhail Gorbachev, the General Secretary of the Communist Party, through his policies of Perestroika (restructuring) and Glasnost (openness) in the late 1980s. Gorbachev sought to introduce market-like reforms to revitalize the stagnant economy, allowing for some degree of private enterprise and decentralization. However, the process faced significant challenges and ultimately contributed to the dissolution of the Soviet Union in 1991, leading to a more rapid and chaotic transition to a market economy in the newly independent states.

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