The Economic and Financial Problems of Perestroika and the End of the Cold War: „Permissible Opening” vs „Maximum Transparency” Cover Image

Problemele economico-financiare ale perestroikăi şi sfârşitul Războiului Rece: „deschidere admisibilă” vs „transparenţă maximală”
The Economic and Financial Problems of Perestroika and the End of the Cold War: „Permissible Opening” vs „Maximum Transparency”

Author(s): Simion Gheorghiu
Subject(s): Politics / Political Sciences, History, Economy, Marxist economics, Governance, Economic history, Political history, Social history, Recent History (1900 till today), Economic policy, Post-War period (1950 - 1989), Geopolitics
Published by: Institutul de Istorie Nicolae Iorga
Keywords: Mikhail S. Gorbachev; Perestroika; Soviet economy; Permissible Openness; Transparency;

Summary/Abstract: Based on documents from former Soviet archives and specialized literature published by Russian researchers, this article traces the efforts made by Mikhail Gorbachev to restore the Soviet economy by imposing a series of reforms. In the first years after acceding to power, the reforms were not significantly different from those attempted by his predecessors. The major differences would appear later, when, towards the end of the 1980s, under the pressure of financial crisis, Gorbachev sought to reach an agreement with the US regarding the nuclear arsenal. In parallel, the economic reforms moved away from centralized planning and explored the principles of the free market.In this context, M.S. Gorbachev and his team turned their attention to the massive imbalances concerning military spending, which alleviation conditioned the success of perestroika. Therefore, the leaders in Kremlin resorted to radical measures, such as the asymmetric reduction of military contingents. What they did not understand was that the Soviet economic system could not be reformed. It had to be completely changed.

  • Issue Year: 21/2022
  • Issue No: 21
  • Page Range: 204-217
  • Page Count: 14
  • Language: Romanian