n. A program of political and economic reform carried out in the Soviet Union in the 1980s under the leadership of Mikhail Gorbachev.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. 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
Word Usage
"The term perestroika, meaning restructuring, was used by Gorbachev in the late 1980s to describe a series of reforms that abolished state planning in the Soviet Union."