Economic Weaknesses and Failure of reform (collapse of USSR)
- Created by: Alexmac333
- Created on: 06-02-19 17:00
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Economic Weakenesses and Failure of Reform
- Perestroika had three stages:
- Rationalisation, attempt at modernisation
- Reform from 1987-1990. introduction of free market elements
- Transformation, March 1990 to August 1991, abandoned command economy
- 1985 reduced alchohol production by 50%
- Failed, 1987 alcohol consumption double of 1960, drank illegal samogon
- Acceleration, part of 12th five year plan from 1986 to 1990, aim was to modernise economy and increase production by 20% in 15 years
- Failed, mainly due to drop in oil prices from $70 a barrel in 1981…
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