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Gorbachev is extending experiments to give selected industrial and farm managers slightly greater freedom in pricing and production decisions. His closest economic adviser, Abel Aganbegyan, has called for a reallocation of investments to modernize factories rather than build new ones and to improve the quality of products. But this rechanneling is to be carried out by the central planners. So, as Gorbachev suggested in his August interview with TIME, his program rather contradictorily appears to call for a loosening of state control in some areas and a tightening in others--at the same time...

Author: /time Magazine | Title: China: Old Wounds Deng Xiaoping | 6/21/2005 | See Source »

...angered Yeltsin and other crash reformers was their feeling that Gorbachev had betrayed them, first by saying he approved of the 500-Day Plan devised by a team under presidential councilor and economist Stanislav Shatalin, then by opting for a much vaguer, slower schedule outlined by Gorbachev adviser Abel Aganbegyan. The compromise attempted to reconcile the imperatives of reform with the fears of many central-government leaders -- army generals and KGB men not the least among them -- of turbocharging a broken-down sleigh...

Author: /time Magazine | Title: Soviet Union No Peace for the Prizewinner | 10/29/1990 | See Source »

...however, the pressure on Gorbachev to do something dramatic is greater than ever. In parliament, Abel Aganbegyan, one of Gorbachev's favorite economists, asserted that "the economic situation in the country is catastrophic." The leading scapegoat for the troubles is Prime Minister Nikolai Ryzhkov, whose own proposed remedy is a go-slow package that preserves much of the center's control over the economy. Led by Moscow Mayor Gavril Popov, some 40,000 demonstrators marched in the capital last week demanding Ryzhkov's resignation. The parliament of the Russian Republic, which accounts for half the Soviet Union's population, seconded...

Author: /time Magazine | Title: Soviet Union All Power to the President | 10/1/1990 | See Source »

...least not yet. Gorbachev, it turned out, is still beset by doubts over how to dismantle the centralized economy, and how quickly. Two weeks ago, he seemed determined to present a single economic program to the nation, combining elements from both the Ryzhkov and Shatalin programs. Gorbachev asked Abel Aganbegyan, one of the early architects of his perestroika policy, to draft the joint package. Last week the economist delivered his report to the Supreme Soviet. According to Aganbegyan, it had proved impossible "to make a single program out of the two." The compromise plan that he presented is drawn primarily...

Author: /time Magazine | Title: Soviet Union Beyond Perestroika | 9/24/1990 | See Source »

Gorbachev also tinkered with the timetable and scope of some of the proposed reforms to make the changes less jolting. The Aganbegyan document, along with copies of the complete Shatalin plan, the Ryzhkov proposals and materials on 120 alternative schemes considered by a separate study group led by Aganbegyan, were dispatched last week to the Soviet parliament and the parliaments of Russia and the other republics...

Author: /time Magazine | Title: Soviet Union Beyond Perestroika | 9/24/1990 | See Source »

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