What was gorbachev program of economic reforms known as?

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2026-04-22 17:50

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Gorbachev's program of economic reforms was known as "perestroika," which means "restructuring" in Russian. Launched in the mid-1980s, perestroika aimed to transition the Soviet economy from a centralized, state-controlled system to a more market-oriented one, introducing elements of private enterprise and decentralization. The reforms sought to increase efficiency and productivity, but they faced significant challenges and ultimately contributed to the economic turmoil that accompanied the dissolution of the Soviet Union.

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