Law on Cooperatives

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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.^[1] 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.^[2]

See also

• History of the Soviet Union (1982–91)
• Perestroika
• Uskoreniye
• Glasnost
• Demokratizatsiya (Soviet Union)
• Enterprises in the Soviet Union
• Economy of the Socialist Federal Republic of Yugoslavia
• Market socialism
• Titoism
• Workers' self-management

References

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