Word: reform
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Dates: during 1980-1989
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Bush also applauded efforts by the Soviet Union to make its economy more market-oriented, saying "I would like to have a climate in which American businessmen can help in what Chairman Gorbachev is trying to do with reform...
...Friday, Jakes and all 13 other members of the ruling Politburo resigned en masse, admitting that they had taken insufficient measures to bring about democratic reform in the country. Within hours Jakes was replaced by Karel Urbanek, 48, party leader of the Czech republic. Urbanek played no role whatsoever in the Soviet-led invasion of Czechoslovakia in 1968, the principal condition set by opposition forces for the choice of a new party leader. But his views on reform are far from clear, and some observers saw him as a - transition figure. Jubilation over Jakes' departure was further tempered...
...Casting secret ballots, speaking up in public, banding together to advance common interests: all these come fairly naturally. Instilling entrepreneurial spirit and managerial efficiency on any level higher than selling lemonade at curbside is a lot harder. Eastern Europe is littered with the wreckage of previous attempts at economic reform...
...Eastern Europe's main problems is concealed inflation: too much money chasing too few goods. West Germany's remarkable postwar recovery was based on a brutal currency reform that in 1948, under Allied military government, destroyed all savings and, by restoring the scarcity value of money, ended the barter economy. Eastern Europe suffers from another economic distortion: the incestuous trade patterns that are a legacy of the Stalinist years. Trade under Comecon, the Council for Mutual Economic Assistance, was based on a curious reverse mercantilism: the imperial country (the Soviet Union) supplied energy and raw materials that the colonies...
Similarly, at a meeting of the opposition group New Forum in Potsdam's Erloser Church, an overflow crowd of 5,000 booed, whistled and stamped their feet when party theoretician Otto Reinhold, until recently one of the East German guardians of Marxist-Leninist orthodoxy, proclaimed his conversion to reform by saying that the constitutionally enshrined leading role of the Socialist Unity Party (S.E.D.) was a thing of the past. From the audience a voice shouted, "Wendehals!" (turncoat), unleashing an uproar in the audience...