Question

Why did Gorbachev want to introduce Open Market Policy in the Soviet Russia?

Answer 1

1. Gorbachev wanted to start the Open Market Policy to fix the problems with the centrally planned economy, which was stuck in a rut of low output, shortages, and no growth.
2. He wanted to increase economic growth, update industries, and make it easier for people to access market goods by limiting private business, competition, and foreign investment.
3. As part of his larger Perestroika changes to bring the Soviet economy back to life and make it more dynamic and self-sufficient, he made this policy.