Soviet Trade: In America's Best Interest?


In his inaugural address, President George Bush called it “a fresh new breeze.” Soviet leader Mikhail S. Gorbachev calls it perestroika, or “restructuring.” They are both referring to the process of economic reform currently under way in the Soviet Union. The unprecedented reforms Gorbachev has introduced during his nearly four years in power are testimony to the fact that the centralized economic structure set in place by Josef Stalin a half-century ago is no longer working. It is still uncertain what shape the new Soviet economy will assume, but it is clear that Gorbachev is looking to the Western, capitalist world for ideas and for assistance. The question now before the Bush administration is whether it is in the best interests of the United States ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles