What was the Soviet policy of economic restructuring called?

What was the Soviet policy of economic restructuring called?

• A. Glasnost
• B. Demokratizatsiya
• C. Stagnation
• D. Perestroika

Answer: (D)

Perestroika refers to the Soviet policy of economic restructuring. Implemented by Mikhail Gorbachev in the 1980s, it aimed to revive a stagnant economy by moving away from rigid centralized planning toward greater decentralization and market-like reforms. Measures included allowing limited private enterprise and cooperatives, giving more autonomy to managers, introducing price reforms, and encouraging foreign investment in joint ventures to boost efficiency and productivity. Glasnost focused on openness and transparency, Demokratizatsiya on political democratization, and Stagnation describes the economic slowdown rather than a reform program. So, Perestroika is the term that best fits economic restructuring.

Perestroika refers to the Soviet policy of economic restructuring. Implemented by Mikhail Gorbachev in the 1980s, it aimed to revive a stagnant economy by moving away from rigid centralized planning toward greater decentralization and market-like reforms. Measures included allowing limited private enterprise and cooperatives, giving more autonomy to managers, introducing price reforms, and encouraging foreign investment in joint ventures to boost efficiency and productivity. Glasnost focused on openness and transparency, Demokratizatsiya on political democratization, and Stagnation describes the economic slowdown rather than a reform program. So, Perestroika is the term that best fits economic restructuring.