POL_S 101 Lecture Notes - Lecture 11: Nomenklatura, Glasnost, False Consciousness
Document Summary
The policy of political liberalization implemented in the soviet. In institutional reform started by gorbochev that had many unintended consequences. By seeking political reforms, gorbochev challenged the status quo and a counter reform movement has been formed. Perestroika brought political infighting and instability: shock therapy, a process of rapid marketization. Vasiliy sinelnyy subsidies, reducing tariff barriers, shrinking the size of the state, and welcoming foreign investments: structural adjustment programs, economic policies for developing countries that have been promoted by the. World bank and the international monetary fund since the early 1980s: washington consensus, a set of 10 economic policy prescriptions to constitute the understood "standard" reform package promoted for crisis-wracked countries. Vasiliy sinelnyy: multinational corporation, firm that produces, distributes, and markets its goods or services in more than one country, bretton woods system, an economic regime that manages international economic relations.
