500 Days

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500 Days Program (Russian: ) was an ambitious program to overcome the economic crisis in the Soviet Union by means of transition into market economy.

The program was proposed by Grigory Yavlinsky and further developed by a work group under the direction of Stanislav Shatalin (an economic advisor to Gorbachev). Before beginning work on the project, Shatalin had been assured by Gorbachev that he was serious about radically reforming the Soviet economy.

Therefore, in August of 1990, the group issued a 400-page report titled "Transition to the Market." It was based on the earlier "400 Days Project" prepared by Yavlinsky and became known colloquially as the "500 Days Program" as it intended to create the groundwork for a modern market economy in 500 days. The report called for creation of a competitive market economy, mass privatization, prices determined by the market, integration with the world economic system, a large transfer of power from the Union government to the Republics, and many other radical reforms.

The 500 Days Program immediately gained the complete support of Boris Yeltsin and a more skeptical support from Mikhail Gorbachev; soon after, the conservative Soviet Premier Nikolai Ryzhkov openly repudiated it.

The Supreme Soviet delayed in adopting the program, eventually accepting a more moderate program for economic reform, titled: "Basic Guidelines for Stabilization of the Economy and Transition to a Market Economy." The new program contained many measures from the 500-Days Program, but most notably lacked a timetable and didn't mention the division of economic power between the Union and Republics.

Authors

Stanislav Shatalin, Станислав Сергеевич Шаталин
Nikolai Petrakov, Николай Яковлевич Петраков
Grigory Yavlinsky, Григорий Алексеевич Явлинский
Sergey Aleksashenko, Сергей Владимирович Алексашенко
Andrey Vavilov, Андрей Петрович Вавилов
Leonid Grigoryev, Леонид Маркович Григорьев
Mikhail Mikhailovich Zadornov, Михаил Михайлович Задорнов
Vladlen Martynov, Владлен Аркадьевич Мартынов
Vladimir Mashchits, Владимир Мащиц
Aleksey Mikhailov Алексей Юрьевич Михайлов
Boris Fyodorov, Борис Григорьевич Фёдоров
Tatyana Yarygina, Татьяна Владимировна Ярыгина
Yevgeniy Yasin, Евгений Григорьевич Ясин

Reference

External link

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