ABSTRACT

Prime Minister Nikolai Ryzhkov's government tried to respond, submitting to the Supreme Soviet in May a plan for introducing a market economy. By mid-September the parliament of the Russian Republic endorsed the Shatalin Plan, basically on principle, since they hardly had time to digest all 222 pages. The Soviet parliament, on the other hand, had by then only just received the three documents they were being asked to consider: the Shatalin Plan, the Ryzhkov Plan, and Abel Aganbegian's rewrite of the Shatalin Plan. The general thrust of the new regulations in foreign economic relations would be to foster the rapid integration of the Soviet economy into the world economy, encouraging existing enterprises to export, and foreign enterprises to invest in the Soviet economy. In short, the Soviet Union would have a market economy. The plan calls for a unified all-union market, with no internal barriers to trade, and a single tariff system surrounding the entire country.