A Regulated Market: Prospects for the Country's Socioeconomic Development

Abstract

The government's economic program that was approved in December 1989 by the Second Congress of USSR People's Deputies and that was calculated for the next six years actually existed only a few months. On 11 March 1990, the USSR Council of Ministers adopted a decree "On the Preparation of Materials Necessary for Making the Transition to a Planned Market Economy." This decree marked the beginning of the new course in USSR economic policy, which envisages the active development of market relations and the creation of a regulated market in the current year and in the beginning of the coming year.