Perestroika is the term used to refer to the series of economic and political reforms that were undertaken by President Mikhail Gorbachev of the Soviet Union in the 1980s with the aim of reviving the region’s stagnating economy (“Perestroika”). This period marked a time of highly fundamental alterations to the nation’s political structure and economic model.
Perestroika also marked a period of great transformation of the relationship between the Soviet Union and the United States. This came about because Gorbachev, President of the Soviet Union, realized that even though the relations with the U.S had worsened since the ascent of President Reagan into the White House, the Soviet Union needed to cease the arms race competition with the US if it was to survive (National 5). The Soviet Union, therefore, agreed with the US to eliminate all its intermediate-range missiles from Europe, and this was the first step towards the long journey of ending the Cold War. The Soviet economy was in a bad state and was barely holding up, hence it was necessary to stop the arms race to commit the funds that would have been used in stabilizing the economy.
Despite the good intention of its proprietor, President Gorbachev, Perestroika ended up doing more harm than good to the economic situation of the Soviet Union, and this ultimately led to its demise. Gorbachev decided to follow his dream of making the Soviet Union more of…
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