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New Economic Mechanism, the Glossary

Index New Economic Mechanism

The New Economic Mechanism (NEM) (Új gazdasági mechanizmus) was a major economic reform launched in the People's Republic of Hungary in 1968.[1]

Table of Contents

  1. 24 relations: Barracks communism, Chinese economic reform, Comecon, Eastern Bloc, Eastern Bloc politics, Economic System of Socialism, Economy of Hungary, Europe-Asia Studies, Goulash Communism, Hungarian forint, Hungarian People's Republic, Hungarian Revolution of 1956, Hungarian Socialist Workers' Party, Ideology, János Kádár, Market mechanism, Microeconomic reform, New Course, New Economic Policy, New Economic System, Planned economy, Politics, Revolutions of 1989, Stalinism.

  2. 1968 in economic history
  3. Economic history of Hungary
  4. Hungarian People's Republic

Barracks communism

Barracks communism (Kasernenkommunismus) is the term coined by Karl Marx to refer to a crude, authoritarian, forced collectivism and communism where all aspects of life are bureaucratically regimented and communal.

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Chinese economic reform

The Chinese economic reform or Chinese economic miracle, also known domestically as reform and opening-up, refers to a variety of economic reforms termed "socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC) that began in the late 20th century, after Mao Zedong's death in 1976.

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Comecon

The Council for Mutual Economic Assistance (English abbreviation COMECON, CMEA, CEMA, or CAME) was an economic organization from 1949 to 1991 under the leadership of the Soviet Union that comprised the countries of the Eastern Bloc along with a number of socialist states elsewhere in the world. New Economic Mechanism and Comecon are Hungarian People's Republic.

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Eastern Bloc

The Eastern Bloc, also known as the Communist Bloc (Combloc), the Socialist Bloc, and the Soviet Bloc, was the unofficial coalition of communist states of Central and Eastern Europe, Asia, Africa, and Latin America that were aligned with the Soviet Union and existed during the Cold War (1947–1991).

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Eastern Bloc politics

Eastern Bloc politics followed the Red Army's occupation of much of Central and Eastern Europe at the end of World War II and the Soviet Union's installation of Soviet-controlled Marxist–Leninist governments in the region that would be later called the Eastern Bloc through a process of bloc politics and repression.

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The Economic System of Socialism (ESS) was an economic policy implemented in East Germany between 1968 and 1970, which was introduced and led by the country's leader, Walter Ulbricht. New Economic Mechanism and economic System of Socialism are 1968 in economic history.

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Economy of Hungary

The economy of Hungary is a high-income mixed economy, ranked as the 9th most complex economy according to the Economic Complexity Index. New Economic Mechanism and economy of Hungary are economic history of Hungary.

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Europe-Asia Studies

Europe-Asia Studies is an academic peer-reviewed journal published 10 times a year by Routledge on behalf of the Institute of Central and East European Studies, University of Glasgow, and continuing (since vol. 45, 1993) the journal Soviet Studies (vols. 1–44, 1949–1992), which was renamed after the dissolution of the Soviet Union.

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Goulash Communism

Goulash Communism (gulyáskommunizmus), also known as refrigerator communism (fridzsiderkommunizmus), Kádárism or the Hungarian Thaw, is the variety of state socialism in the Hungarian People's Republic following the Hungarian Revolution of 1956. New Economic Mechanism and Goulash Communism are economic history of Hungary and Hungarian People's Republic.

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Hungarian forint

The forint (sign Ft; code HUF) is the currency of Hungary.

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Hungarian People's Republic

The Hungarian People's Republic (Magyar Népköztársaság) was a one-party socialist state from 20 August 1949 to 23 October 1989.

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Hungarian Revolution of 1956

The Hungarian Revolution of 1956 (23 October – 4 November 1956; 1956-os forradalom), also known as the Hungarian Uprising, was an attempted countrywide revolution against the government of the Hungarian People's Republic (1949–1989) and the policies caused by the government's subordination to the Soviet Union (USSR). New Economic Mechanism and Hungarian Revolution of 1956 are Hungarian People's Republic.

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The Hungarian Socialist Workers' Party (Magyar Szocialista Munkáspárt, MSZMP) was the ruling Marxist–Leninist party of the Hungarian People's Republic between 1956 and 1989. New Economic Mechanism and Hungarian Socialist Workers' Party are Hungarian People's Republic.

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Ideology

An ideology is a set of beliefs or philosophies attributed to a person or group of persons, especially those held for reasons that are not purely epistemic, in which "practical elements are as prominent as theoretical ones".

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János Kádár

János József Kádár (26 May 1912 – 6 July 1989), born János József Czermanik, was a Hungarian Communist leader and the General Secretary of the Hungarian Socialist Workers' Party, a position he held for 32 years. New Economic Mechanism and János Kádár are Hungarian People's Republic.

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Market mechanism

In economics, the market mechanism is a mechanism by which the use of money exchanged by buyers and sellers with an open and understood system of value and time trade-offs in a market tends to optimize distribution of goods and services in at least some ways.

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Microeconomic reform

Microeconomic reform (or often just economic reform) comprises policies directed to achieve improvements in economic efficiency, either by eliminating or reducing distortions in individual sectors of the economy or by reforming economy-wide policies such as tax policy and competition policy with an emphasis on economic efficiency, rather than other goals such as equity or employment growth.

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New Course

The New Course (German: Neuer Kurs) was an economic policy that aimed to improve the standard of living, increase the availability of consumer goods and lower the price of foodstuffs by returning small businesses and farms to the private sector in East Germany (the GDR).

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New Economic Policy

The New Economic Policy (NEP) was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient.

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New Economic System

The New Economic System (Neues Ökonomisches System), officially the New Economic System of Planning and Management, was an economic policy that was implemented by the ruling Socialist Unity Party (SED) of the German Democratic Republic (GDR) in 1963.

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Planned economy

A planned economy is a type of economic system where the distribution of goods and services or the investment, production and the allocation of capital goods takes place according to economic plans that are either economy-wide or limited to a category of goods and services.

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Politics

Politics is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status.

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Revolutions of 1989

The Revolutions of 1989, also known as the Fall of Communism, were a revolutionary wave of liberal democracy movements that resulted in the collapse of most Marxist–Leninist governments in the Eastern Bloc and other parts of the world.

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Stalinism

Stalinism is the totalitarian means of governing and Marxist–Leninist policies implemented in the Soviet Union (USSR) from 1927 to 1953 by dictator Joseph Stalin.

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See also

1968 in economic history

Economic history of Hungary

Hungarian People's Republic

References

[1] https://en.wikipedia.org/wiki/New_Economic_Mechanism

Also known as New Economic Mechanism (NEM), The New Economic Mechanism (NEM).