Perestroika (noun)

The political and economic reforms initiated in the Soviet Union in the 1980s aimed at revitalizing the Soviet economy and increasing efficiency and accountability.

Origin:

From russian перестройка (perestrojka), from перестроить (perestroit", "to restructur.e")

Examples:

1. The policy of perestroika is often associated with Soviet leader Mikhail Gorbachev.
2. Perestroika led to the decentralization of the Soviet economy and greater freedom for individual enterprise.
3. The reforms of perestroika helped to create a more market-oriented economy in the Soviet Union.
4. Perestroika had far-reaching consequences, both domestically and internationally.
5. Many experts credit perestroika with helping to lay the foundation for the eventual collapse of the Soviet Union.