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Noun(1) an economic policy adopted in the former Soviet Union; intended to increase automation and labor efficiency but it led eventually to the end of central planning in the Russian economy(2) an economic policy adopted in the former Soviet Union(3) intended to increase automation and labor efficiency but it led eventually to the end of central planning in the Russian economy

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(1) Both glasnost and perestroika appeared to be sweeping the whole of Eastern Europe in the direction of global capitalism, or at least towards an opening to the practices of capitalist globalization.(2) In the 1990s there were massive sums to be made as the economic reforms of perestroika kicked in and markets were liberalised.(3) Glasnost and perestroika in the Soviet Union kicked off a debate about restructuring society in East Germany, too.(4) Perhaps the main obstacle, however, to any electoral perestroika is the party system itself.(5) The result of these tolerated conversations was that, when perestroika began, alternatives to the communist system had already been considered.
Related Words
(1) perestroika
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