Premium
REFORMING THE SOVIET CARTEL
Author(s) -
OSBAND KENT
Publication year - 1989
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1989.tb00555.x
Subject(s) - cartel , competition (biology) , ideology , state (computer science) , privilege (computing) , economic system , market economy , economics , economic reform , turning point , political economy , political science , economic policy , business , politics , law , algorithm , computer science , ecology , physics , period (music) , acoustics , biology , incentive
The key to Soviet economic reform is competition. Cultural inertia, ideology, and vested privilege discourage competition. The attempts at reform have achieved no significant breakthrough in the state sector. In the non‐state sector the situation is more promising. To the extent that the new Law on Cooperatives is implemented, it may mark a turning point for perestroika.