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What 6 economic problems did Gorbachev inherit?

User Meverett
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Final answer:

Gorbachev inherited several economic problems, including inefficient centralized planning, lack of innovation, inadequate infrastructure, corruption, dependence on oil exports, and struggling agriculture.

Step-by-step explanation:

Gorbachev inherited several economic problems when he took office in the Soviet Union. Here are six of them:

  1. Inefficient centralized planning: The Soviet economy relied on a centralized planning system that was not responsive to market forces or consumer demands. This led to inefficiency and waste of resources.
  2. Lack of innovation: The Soviet economy was lagging behind in terms of technological innovation and was unable to keep up with the global economy.
  3. Inadequate infrastructure: The infrastructure in the Soviet Union was outdated and in need of modernization.
  4. Corruption: Corruption was widespread in the Soviet Union, which hindered economic development and led to misallocation of resources.
  5. Dependence on oil exports: The Soviet economy was heavily dependent on oil exports, making it vulnerable to fluctuations in oil prices.
  6. Struggling agriculture: The agricultural sector in the Soviet Union faced numerous challenges, including low productivity and inefficiency.
User Deniz
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