Perestroika

Definition

Perestroika was a political movement within the Communist Party of USSR during 1980s, led by Mikhail Gorbachev, which aimed at reforming failing economic structures and reducing corruption without abandoning socialism entirely.

Related terms

Glasnost: A policy emphasizing openness, transparency in government institutions and activities in USSR. It was another part of Gorbachev's reform efforts.

Mikhail Gorbachev: The last General Secretary of the Communist Party of USSR who introduced major reforms - Perestroika (economic restructuring) and Glasnost (openness).

Fall of Soviet Union: The dissolution of USSR in 1991, which was an indirect result of economic pressures, nationalism, and reforms initiated under perestroika.