Question

In: Economics

What were perestroika and glasnost and how did they interact with each other?

What were perestroika and glasnost and how did they interact with each other?

Solutions

Expert Solution

Those were two were policies made by Mikhail Gorbachev. It is important because they directly lead to the collapse of the Soviet Union. Gorbachev realised that economy was struggling, and its citizens were chafing under their relatively poor standard of living and lack of freedom.

To address these concerns, Gorbachev introduced a reform program with two new concepts. Perestroika, his restructuring concept, started with an overhaul of the top members of the Communist Party. It also focused on economic issues, replacing the centralized government planning that had been a hallmark of the Soviet system with a greater reliance on market forces. The accompanying concept of glasnost sought to ease the strict social controls imposed by the government. Gorbachev gave greater freedom to the media and religious groups and allowed citizens to express divergent views.

Glasnost was a policy meaning "openness" and Perestroika meant "reconstruction". Gorbachev realised that Soviet Union's economy was stagnating and was not performing well. Hence he brought in some new policies to change it. He allowed a drastic change in freedom of press that allowed media to talk about the problems facing the Soviet Union and the widespread abuses of the system.

Perestroika was initally welcomed but the problem with the transition like this is that it takes time, and the Soviet people, having put up with these flaws for the last few decades, were not very patient. Perestroika did not produce a large enough increase in the production of consumer goods, nor did it improve standards of living by enough. The poor performance of this transitional economy invited dissent by conservatives who wanted a return to the communist model and liberals who wanted to move even further from communism.

With implementation of Glasnost, Gorbachev either failed to predict or control for was that allowing such openness led to criticism of the Soviet Union and the Communist model itself. Previously suppressed ideas regarding capitalism and the West were now in the open, and the Soviet system became to come under attack from domestic forces.

The collapse of the Soviet Union can effectively be traced back to Soviet leader Gorbachev’s failed policies of domestic economic and political reform: perestroika and glasnost.


Related Solutions

The structure of Financial Statements and how they interact with each other.
The structure of Financial Statements and how they interact with each other.
How should statistical analysis and business experience interact with each other?
How should statistical analysis and business experience interact with each other?
Discuss the structure of financial statements and how they interact with each other. Why is a...
Discuss the structure of financial statements and how they interact with each other. Why is a cash flow statement considered an accurate indicator to evaluate a company? Locate financial statements for a company of your choice, and review the cash flow statement. What insights does it provides about the company’s performance, in relation to other its other financial statements?
Society: How do members within the groups behave? How do they interact with each other? How...
Society: How do members within the groups behave? How do they interact with each other? How do the members in minority groups engage with members from the majority?
Discuss how various budgets interact with each other – example could be the cash budget and...
Discuss how various budgets interact with each other – example could be the cash budget and the sales and purchases budget or the capital budget and the cash budget and the budgeted balance sheet? How can we use budgets to create a set of pro-forma financial statements to serve as targets for management and investors alike to track our performance against?
Ground rules describe how a team will operate and interact with each other. They may deal...
Ground rules describe how a team will operate and interact with each other. They may deal with respect or with communication, and are generally about interpersonal interactions. Develop a list of at least five, but no more than ten, ground rules that you would implement as a project manager leading this multi-national team. Also state the reason or rationale for each ground rule. Consider the issues you might run into with a global team, and develop your ground rules to...
How did the colonies interact differently with the Americans Indians?
How did the colonies interact differently with the Americans Indians?
How do Follicle-Stimulating Hormone (FSH), Luteinizing Hormone (LH), estradiol, and androgens interact with each other to...
How do Follicle-Stimulating Hormone (FSH), Luteinizing Hormone (LH), estradiol, and androgens interact with each other to produce accelerated follicular growth in the final stage of follicular development? Please include in your explanation the synthesis of steroid hormone levels and any changes in the numbers of thecal and granulosa cells.
Describe which cells of the immune system can directly interact with each other
Describe which cells of the immune system can directly interact with each other
How did Ford implement vertical integration? What benefits were they looking for? What were the risks...
How did Ford implement vertical integration? What benefits were they looking for? What were the risks involved in the vertical integration? Why didn't Ford in the early days set out to diversify their product offerings?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT