Friday, October 3, 2008

Russia's economic reform

"An old saying has it that if you don't know where you want to go, any road will take you there. This saying could serve as the slogan for the first six years of perestroika, the restructuring that then General Secretary Midhail Gorbachev announced for the Soviet economy in 1985. These years were marked by abrupt changes in the course of economic policy: from an acceleration in investment to an acceleration in consumer goods production; from a campaign to reduce the consumption of alcohol to efforts to sell more alcohol for increased tax revenue; from intensified legal restrictions on private economic activity to legal equality between private and state business."
(Russian Economic Reform, Leitzel, pg. 1)

http://www.youtube.com/watch?v=clNurnvPqXE

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