<p>Perestroika was acclaimed in the west but brought empty shelves in the east. <em>Why Perestroika Failed</em> argues that this was inevitable because it was not based on a sound understanding of market and political processes. Even if the perestroika programme had been carried out to the full it would have failed to bring about the <strong>structural</strong> changes necessary to transform what was the Soviet economy.</p>
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