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.
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