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US-USSR / Summit / Soviet Economy (Part I) #115805

ABC Evening News for Wednesday, May 25, 1988
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(Studio: Peter Jennings) Need for consumer goods and West-style technology to bolster Soviet economy reported; details given of Soviet plan to sell bonds. Report introduced.

(Kiev, USSR : Richard Threlkeld) Review of Mikhail Gorbachev's "perestroika," or economy reform, policy reported [Kennan Institution director Peter REDDAWAY - says Gorbachev is in trouble.] Scenes shown from Soviet society. [Columbia Univ. Prof. Robert LEGVOLD - discusses shortages in Soviet economy] Impact of economy restructuring on Soviet consumer examined; scenes shown of Moscow consumers waiting in line. [LEGVOLD - explains consumers' nervousness.] Restructuring of Kiev tool works cited as example of changing econ. in USSR ; scenes shown. [Young PEOPLE - defend Gorbachev's perestroika.] Pol. and military criticism of Gorbachev examined. [REDDAWAY - says Gorbachev's survival is uncertain.] Historical film shown of Nikita Khrushchev, last Soviet leader who tried to make changes.

Reporter(s):
Jennings, Peter;
Threlkeld, Richard
Duration:
00:04:50

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