mar 11, 1986 - 27th Congress of the Communist Party of the Soviet Union. Perestroika announced - restructuring

Description:

designed to improve economy.
amend the existing economic and production systems. planning decentralised. some self-management with NO loss of state management - did not have to wait for GOSPLAN to approve changes which reduced productivity.
end of state price controls (which led to a lower standard of living at first).

ALTERED GORBS FOREIGN POLICY. opened USSR up to foreign investment.

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