perestroika(redirected from Catastroika)
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The restructuring of the Soviet economy and bureaucracy that began in the mid 1980s.
(Government, Politics & Diplomacy) the policy of reconstructing the economy, etc, of the former Soviet Union under the leadership of Mikhail Gorbachov
[C20: Russian, literally: reconstruction]
pe•re•stroi•ka(ˌpɛr əˈstrɔɪ kə)
the program of economic and political reform in the Soviet Union initiated by Mikhail Gorbachev in 1986.
[< Russian perestróĭka literally, rebuilding]
A Russian word meaning restructuring, used to describe the attempt by Gorbachev to regenerate the Soviet economy by encouraging market forces, decentralizing factory management, and generally democratizing the Communist Party and government.
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|Noun||1.||perestroika - an economic policy adopted in the former Soviet Union; intended to increase automation and labor efficiency but it led eventually to the end of central planning in the Russian economy|
economic policy - a government policy for maintaining economic growth and tax revenues