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Dates: during 1980-1989
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The most somber note at the session was struck in assessing the state of the Soviet Union. Soviet panelist Andranik Migranyan, senior research fellow at Moscow's Institute of Economics of the World Socialist System, warned that after five years of perestroika, "our economists say we have yet to hit...

Author: /time Magazine | Title: What The Future Holds | 12/18/1989 | See Source »

-- With the winding down of the cold war, national power will no longer be measured in military terms but in shares of world markets and in technological achievement.

Author: /time Magazine | Title: What The Future Holds | 12/18/1989 | See Source »

According to Migranyan, the unsettling change in climate is partly due to Gorbachev's democratizing efforts. Those measures have permitted grass-roots resistance to unpopular reforms. "The Soviet Union," said Migranyan, "is acting like a democracy without really being one." Above all, said Migranyan, his country needed a model to...

Author: /time Magazine | Title: What The Future Holds | 12/18/1989 | See Source »

Two outcomes were possible, Migranyan suggested: Gorbachev might become more authoritarian, "crushing all obstacles and imposing economic reforms," or a conservative regime might emerge that would jettison him along with his political and social reforms, even while seeking to modernize the economy. With Gorbachev's room for maneuver shrinking, Migranyan...

Author: /time Magazine | Title: What The Future Holds | 12/18/1989 | See Source »

Henry Grunwald, U.S. Ambassador to Austria (and former editor-in-chief of Time Inc.), who expressed his personal views, acknowledged that there would be "a great temptation for the Soviets and others to have a little repression on the way to free markets," a process he called "perestroika without glasnost...

Author: /time Magazine | Title: What The Future Holds | 12/18/1989 | See Source »

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