Word: petrakov
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Dates: during 1990-1999
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...wonder some experts in Moscow are predicting that the ruble will soon join the Soviet Union on history's trash heap. In an interview with the newspaper Rabochaya Tribuna, economist Yevgeni Petrakov foresaw the "downfall" of the ruble within several months and urged joint action by members of the Commonwealth of Independent States to ease the crisis. Other leading experts doubt that monetary reform by itself can revitalize the economy. "The main task now is not to manipulate finances," Oleg Yashin, first vice president of the Savings Bank of Russia, told Pravda. Rather, he declared, "it is to enable every...
...down to 50 cents. Economists for the Gorbachev-Yeltsin commission contend that once sufficient amounts of money have been pulled out of circulation, prices can be liberalized, since real market forces will operate to keep them stable. Unlike the Poles, argues Gorbachev economic adviser Nikolai Petrakov, "Soviet citizens would rather stand in long lines than confront a rise in prices...
...kind of gibe the Soviet Union's two leading politicos had been exchanging in three years of unabated rivalry. Last week they decided to cooperate: Gorbachev and Yeltsin agreed to set up a commission to frame a relatively radical plan for introducing a market economy. Said Nikolai Petrakov, a Gorbachev adviser and member of the 13-man panel: "This is the most important information...
...easy choice. One of America's foremost authorities on the Soviet economy, Hewett has written or edited five texts on the subject. These days, the peripatetic economist is in high demand as a speaker and seminar participant. Even Soviet policymakers seek his advice. He is especially close to Nikolai Petrakov, Gorbachev's top economic adviser, which gives Hewett an inside angle on the challenges facing the reformers in Moscow...
...what will cure it is the introduction of market mechanisms. But the Soviet people are not prepared for that sort of shock. True, a free market will put more goods on the shelves of the gastronom, or grocery store, but with state subsidies removed, prices will rise. As Nikolai Petrakov, Gorbachev's top economic adviser, told the Rabochaya Tribuna (Worker's Tribune) last week, "People accept rationing coupons and standing in line -- especially during work time -- but not price increases." And the housewife can now vote for a parliamentary representative able to stand up in the Congress of People...