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...

Hungary's New Economic Mechanism, the economy of Yugoslavia, Perestroika, and the economic reforms of China as well as Lenin's New Economic Policy. The...

major economic reform, called the New Economic Mechanism in 1968, which introduced some market and capitalist elements to the Hungarian economic system...

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

comprises various ways to match up buyers and sellers. The price mechanism is an economic model where price plays a key role in directing the activities...

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

Socialist economic systems (all of which feature social ownership of the means of production) can be subdivided by their coordinating mechanism (planning...