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Gorbachev’s Economic Reform

In: Economic Reforms in the Soviet Union and Eastern Europe since the 1960s

Author

Listed:
  • Jan Adam

    (University of Calgary)

Abstract

In the beginning of the 1970s, the 1965 economic reform, which had raised some hopes for the future, was more or less dead; it had been gradually emasculated so that, several years after its introduction, little of it remained. With the deterioration of the economy in the second half of the 1970s, the Soviet leaders were again willing to make some changes in the system of management. In 1979 they came up with a package of provisions which aimed at improving the system of planning, the incentive system and investment activities in order to make the economy more efficient, or, to put it in Soviet parlance, to ‘intensify’ the performance of the economy (SEG, 1979, no. 32, 1979-hereafter the ‘1979 decree’). Needless to say, the 1979 changes were not intended to transgress the framework of the centralised system. It soon became clear, as could be expected, that these changes had no great effect on the economy (Aganbegian, 1983).

Suggested Citation

  • Jan Adam, 1989. "Gorbachev’s Economic Reform," Palgrave Macmillan Books, in: Economic Reforms in the Soviet Union and Eastern Europe since the 1960s, chapter 10, pages 169-189, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19709-5_10
    DOI: 10.1007/978-1-349-19709-5_10
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