Law on Cooperatives

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 article is part of a series about Mikhail Gorbachev
Former General Secretary of the CPSU Former President of the Soviet Union Early life Secretariate (1985–90) Perestroika – Uskoreniye – Glasnost Anti-alcohol campaign Chernobyl disaster Demokratizatsiya Law on Cooperatives Spitak earthquake Soviet withdrawal from Afghanistan 1989 elections Presidency (1990–91) Assassination attempt Pavlov reform New Union Treaty August Coup Dissolution of the Soviet Union Foreign policy New thinking Murmansk Initiative Sinatra Doctrine International trips Summits Geneva Reykjavík Washington Moscow Governors Island Malta Helsinki Letter from Khomeini Post-presidency 1996 presidential campaign The Gorbachev Foundation Pizza Hut commercial Social Democratic Party of Russia Media gallery