Hungarian economic reform of 1968

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkb:historical_event
gptkbp:alsoKnownAs gptkb:New_Economic_Mechanism
gptkbp:country gptkb:Hungary
gptkbp:feature limited private enterprise
decentralization of economic decision-making
greater autonomy for enterprises
introduction of profit incentives
partial liberalization of prices
gptkbp:goal introduce market mechanisms into socialist economy
https://www.w3.org/2000/01/rdf-schema#label Hungarian economic reform of 1968
gptkbp:influencedBy Soviet economic reforms
gptkbp:launched Hungarian Socialist Workers' Party
gptkbp:legacy influenced later reforms in Eastern Europe
gptkbp:opposedBy hardline communists
gptkbp:relatedTo gptkb:Goulash_Communism
gptkb:Prague_Spring
gptkbp:resultedIn eventual retrenchment in late 1970s
increased economic growth in early years
gptkbp:significance first major market-oriented reform in Eastern Bloc
gptkbp:startDate 1968
gptkbp:bfsParent gptkb:People's_Republic_of_Hungary_(1949–1989)
gptkbp:bfsLayer 6