Evaluation of the problems involved in restructuring the economy in the former Soviet Union. Looks at the difficult balance between creating a market economy where none previously existed, and protecting the consumers.
Written in 1994; 1,125 words; 7 sources; $ 39.95
From the Paper:
"The collapse of East European regimes probably had less to do with political opposition from within or economic and military pressure from without than is commonly thought to be the case. When Gorbachev launched perestroika, he apparently made the decision to dismantle the Soviet empire in Eastern Europe, an empire which the Soviets could no longer afford or properly manage. Thus the 1989 demise of communism in Eastern Europe should probably be seen as less a political victory by the democratic opposition within Poland, East Germany, or Czechoslovakia but rather a defeat by default of these local ruling elites, set adrift by a Gorbachev bent on reforming a fast disintegrating Soviet economic system (Ash, 1990).
The nature of the economic crisis in Eastern Europe has to a large extent paralleled the economic crisis in the former Soviet.."
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