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

Indochina Wars. This changed in 1986 when the government announced its "new economic mechanism" (NEM). Initially timid, the NEM was expanded to include a range...

decriminalized in 1961. In 1966, the Central Committee approved the "New Economic Mechanism", which moved away from a strictly planned economy towards a system...

is the main given, while the mechanism is the unknown. Therefore, the design problem is the inverse of traditional economic theory, which is typically devoted...

The New Economic System (German: Neues Ökonomisches System), officially the New Economic System of Planning and Management, was an economic policy that...

was reduced to one-tenth of prerevolutionary levels. In 1968, the New Economic Mechanism introduced free-market elements into the socialist command economy...

electricity billing mechanism Networked and Electronic Media, a European industrial initiative New Economic Mechanism, economic reforms undertaken in...

Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative...

also gave limited freedom to the workings of the market via the New Economic Mechanism. However, it retained a monopoly of political power, and subjected...

giving businesses more say in their suppliers and economic decisions. The New Economic Mechanism achieved the goal of raising living standards throughout...