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perestroika

per·e·stroi·ka [ pèrrə stróykə ]


noun 
Definition:
 
1. Soviet reform policy: the political and economic restructuring in the former Soviet Union initiated by Mikhail Gorbachev from about 1986. The stated objectives included decentralized control of industry and agriculture and some private ownership.
See also  glasnost


2. any political restructuring: any political, bureaucratic, or economic restructuring

[Late 20th century. < Russian, "rebuilding, reconstruction"]
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