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Law on Cooperatives

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Former General Secretary of the CPSU
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The Law on Cooperatives was a major economic reform implemented in the Soviet Union during General Secretary Mikhail Gorbachev's perestroika and glasnost reforms. It was implemented in May 1988, allowed for independent worker-owned cooperatives to operate in the Soviet Union, as opposed to just state-owned enterprises, and gave guidelines as to how these cooperatives should be managed. While originally the law imposed high taxes and restrictions on employment, it was eventually revised so as not to discourage activity within the private sector.

See also

References

  1. "Law on Cooperatives". Soviethistory.msu.edu. 2 September 2015. Retrieved 30 July 2018.
  2. Pike, John (7 September 2011). "Perestroika". GlobalSecurity.org. Retrieved 17 March 2015.
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