Topic > What is financial globalization? - 1094

Financial globalization put the world economy into crisis at the end of the 20th century, but Western economies using business structures were able to exchange jobs with administrations, reorganize their large businesses and move into positions of Work. The Soviet Union couldn't keep up. For example, when Gorbachev came to power in 1985, there were 50,000 PCs in the Soviet Union; in the United States there were 30 million. Four years later there were something like 400,000 PCs in the Soviet Union and 40 million in the United States. According to one Soviet economist, in the late 1980s, only 8% of Soviet industry was aggressive by world standards. It is difficult to remain a superpower when 92% of industry is not concentrated. In the historical scenario of the 20th century, he remains close to Vladimir Lenin, who set the entire course of the 20th century in motion, and to Joseph Stalin, who was largely responsible for the Cold War. Lenin rallied the communists to feed Russia, something that changed world history. Gorbachev ended the Cold War and the strength of socialism both in the Soviet Union and throughout the world as much as possible. Gorbachev practically completely renounced the risk of an atomic war that had hovered over the world for a century and allowed the self-determination of many countries of Central and Eastern Europe and the Baltic countries. This is why he is an absolute overwhelming figure, loved by everyone as far as possible. Many countries have an obligation of appreciation to him. Germans are grateful for the open door to reunite as a country and a solitary state. All Central and Eastern European nations value the open door... the center of Chart...alism, they do not supplant it. Nonetheless, his change became a bottom-up rather than top-down disturbance. When he first came to power in 1985, Gorbachev attempted to teach Soviet citizens how to overcome the current monetary stagnation. When there was insufficient oversight to address the problem, he floated the idea of ​​perestroika, or "reconstruction," but public officials continued to thwart his calls. To light a fire among officials, he used a system of glasnost, or open dialogue and democratization. However, once Glasnost allowed people to say what they thought, many people said, “We want out.” By mid-1989, Eastern Europeans were afforded more opportunities. Gorbachev refused to use power to remove the exhibits. In November the Berlin Wall was breached.