New Economic Mechanism

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:aimsTo decentralizing economic control
introducing market mechanisms
gptkbp:allows profit orientation
enterprise autonomy
price flexibility
gptkbp:associatedWith gptkb:János_Kádár
gptkbp:country gptkb:Hungary
gptkbp:criticizedFor increasing inequality
inflationary pressures
https://www.w3.org/2000/01/rdf-schema#label New Economic Mechanism
gptkbp:implementedIn 1968
gptkbp:influenced later economic reforms in Eastern Europe
gptkbp:influencedBy Soviet economic reforms
gptkbp:partiallyReversed 1972
gptkbp:prohibits politician
gptkbp:replacedBy central planning
gptkbp:resultedIn limited private enterprise
increased consumer goods production
foreign trade liberalization
greater economic efficiency
gptkbp:bfsParent gptkb:Hungarian_economic_reform_of_1968
gptkbp:bfsLayer 7