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No matter the fact that it represents significant tourist contingents, Generation Z (Gen Z) is still insufficiently known regarding the main habits, fears or behaviours in changed circumstances. The main objective of this research is to examine the differences in travel risks perception among clusters of young tourists (Gen Z) after one year of the COVID-19 pandemic. The research was conducted during Serbia's primary tourism season in the first year of the pandemic (from June to October 2020), and just before Serbia's primary tourism season in the second year of the pandemic (May 2021). In 2020, responses of 206 participants were collected, while in 2021 there were 208 participants. Data were gathered from Tourism and Hospitality students at the University of Novi Sad (Serbia) by applying the questionnaire created for the specific purpose of this research. All respondents were representatives of Gen Z, born between 1997 and 2003. The main findings of the research are indicating the impact of the COVID-19 pandemic outbreak on young tourists' travel plans. Results are also indicating that average scores on health and non-health risks dimensions were significantly higher in the year 2020 than in 2021, as well as that all participants were more concerned with non-health risks than with health risks in both years of the pandemic. Gen Z tourists' response to the COVID-19 pandemic was consistent concern about non-health risks, denying health risks and expecting even some financial benefits from the crisis. The research findings are contributing to building a knowledge base for various tourism stakeholders in terms of developing the guidelines for tourism recovery strategies during and after the COVID-19 outbreak.

This article investigates the intellectual roots of perestroika. Mikhail Sergeyevich Gorbachev, the architect of perestroika claims that his programmes and policies are aimed at a revolutionary transformation of the Soviet economy from an overly centralised command system of management to a democratic system based mainly on economic methods and on an optimal combination of centralism and self‐management. To facilitate the restructuring process, Gorbachev simultaneously initiated two sweeping political reforms: glasnost (no “radical change is possible without it”); and demokratizatsiya (”there is no present‐day socialism, nor can there be, without democracy”). Therefore, prominent features envisaged by perestroika would presumably include: an optimal combination between centralism and self‐management, that would imply decentralisation in the economic management of the country; replacement of administrative methods by economic methods, that would emphasise economic incentives and market processes more than machineries of central planning; democratisation and openness in Soviet society, aimed at guaranteeing greater democratic rights for citizens, and pluralism in governmental and political processes.