Perestroyka and the Congress of People's Deputies

Abstract

The radical economic reform promised by Mikhail Gorbachev in 1987 has not materialized, and the economic situation has seriously deteriorated since 1988. The government is introducing a stabilization package for 1990 to restore financial balance and to dramatically expand the supply of consumer goods. A new Reform Commission chaired by Deputy Prime Minister Abalkin is moving ahead to design and implement a reform strategy which will include a radically different approach to property rights. The next year is critical to determining the fate of Gorbachev's reform efforts. Journal of Economic Literature, Classification Numbers: 027, 052, 113.