Perestroika and its impact on the Soviet labor market.

From: Monthly Labor Review | Date: December 1, 1991| Author: Brand, Horst | Copyright information

Two books assess, respectively, the success of perestroika and the Soviet transition to a market-based economy; much remains to be done, and certain detrimental effects of the transition must be alleviated or avoided

The breakup of the Soviet Union, spurred in part by the failure of its economic system, is a world-shaking event, unforeseen by most and pregnant with unforeseeable consequences. It is widely being argued that a market economy will in time evolve in the Sovi...

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