MOSCOW, November 7 (RIA Novosti) - Former Soviet leader Mikhail Gorbachev has said that the Obama administration in the United States needs far-reaching 'perestroika' reforms to overcome the financial crisis and restore balance in the world.
The term perestroika, meaning restructuring, was used by Gorbachev in the late 1980s to describe a series of reforms that abolished state planning in the Soviet Union.
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