Former General Secretary of the CPSU Former President of the Soviet Union General Secretariate (1985–1991) Presidency (1990–1991) Foreign policy Post-leadership
The Law on Cooperatives was a major economic reform implemented in the Soviet Union during General Secretary Mikhail Gorbachev's perestroika and glasnost reforms.
It was implemented in May 1988, allowed for independent worker-owned cooperatives to operate in the Soviet Union, as opposed to just state-owned enterprises, and gave guidelines as to how these cooperatives should be managed.
[1] While originally the law imposed high taxes and restrictions on employment, it was eventually revised so as not to discourage activity within the private sector.
[2] This law-related article is a stub.