Price Reform Acid Test for Gorbachev

Gorbachev ALTHOUGH Mikhail Gorbachev has managed to get his radical political and economic reforms endorsed by the 27th Party Congress and subsequently by the 19th Party Conference his most crucial test lies ahead. His radical economic reforms include: making enterprises economically accountable, With self-financing and self-management; reform of planning and supply, finance and credit, labour remuneration and price formation. But the most sensitive issue amongst them is the new pricing policy which is yet to be introduced. In a way, the fate of perestroika is now hanging over this issue If the price reforms are not introduced in the immediate future the whole process of perestroika may collapse.