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Understanding Gorbachev: The Importance of Politics
Authors:Jerry F Hough
Abstract:Two senior CIA economists analyze the status of interrepublican economic relations in the former USSR from the fall of 1991 through July 1992. Critically assessed are Russia's role in forcing adjustments in other republics' economic policies, their failure to agree on an economic union in 1991, and efforts to cooperate in 1992. Strategies to cope with mounting debt, new currencies, reliance on barter, and severed supply links are then examined, as are prospects for near-term stabilization of interrepublican trade (including prices) and longer-term outlook for the republics in light of ongoing discussions on a ruble zone. Journal of Economic Literature, Classification Numbers: P20, P27, P40.
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