Concept
New Economic Policy
Related concepts (22)
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. Guided by Deng Xiaoping, who is often credited as the "General Architect", the reforms were launched by reformists within the ruling Chinese Communist Party (CCP) on December 18, 1978, during the "Boluan Fanzheng" period.
Kronstadt rebellion
The Kronstadt rebellion (Kronshtadtskoye vosstaniye) was a 1921 insurrection of Soviet sailors and civilians against the Bolshevik government in the Russian port city of Kronstadt. Located on Kotlin Island in the Gulf of Finland, Kronstadt defended the former capital city, Petrograd (now Saint Petersburg), as the base of the Baltic Fleet. For sixteen days in March 1921, rebels in Kronstadt's naval fortress rose in opposition to the Soviet government they had helped to consolidate.
Indicative planning
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in market economies by coordination of private and public investment through forecasts and output targets. The resulting plans aim to supply economically valuable information as a public good that the market by itself cannot disseminate, or where forward markets are nonexistent. However, indicative planning takes only endogenous market uncertainty into account, plans the economy accordingly, and does not look into exogenous uncertainty like technology, foreign trade, etc.
Prodrazverstka
Prodrazverstka, also transliterated Prodrazvyorstka (продразвёрстка, short for продовольственная развёрстка, food apportionment), alternatively referred to in English as grain requisitioning, was a policy and campaign of confiscation of grain and other agricultural products from peasants at nominal fixed prices according to specified quotas (the noun razverstka, развёрстка, and the verb razverstat, refer to the partition of the requested total amount as obligations from the suppliers).
War communism
War communism or military communism (Военный коммунизм, Vojenný kommunizm) was the economic and political system that existed in Soviet Russia during the Russian Civil War from 1918 to 1921. War communism began in June 1918, enforced by the Supreme Economic Council (Высший Совет Народного Хозяйства), known as the Vesenkha. It ended on 21 March 1921, with the beginning of the New Economic Policy, which lasted until 1928.
Soviet-type economic planning
Soviet-type economic planning (STP) is the specific model of centralized planning employed by Marxist–Leninist socialist states modeled on the economy of the Soviet Union (USSR). The post-perestroika analysis of the system of the Soviet economic planning describes it as the administrative-command system due to the de facto priority of highly centralized management over planning.
Socialist market economy
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Chinese Communist Party (CCP) in 1992 to describe the goal of China's economic reforms.
Collectivization in the Soviet Union
The Soviet Union introduced the collectivization (Коллективизация) of its agricultural sector between 1928 and 1940 during the ascension of Joseph Stalin. It began during and was part of the first five-year plan. The policy aimed to integrate individual landholdings and labour into collectively-controlled and state-controlled farms: Kolkhozes and Sovkhozes accordingly.
Dirigisme
Dirigisme or dirigism () is an economic doctrine in which the state plays a strong directive (policies) role, contrary to a merely regulatory interventionist role, over a market economy. As an economic doctrine, dirigisme is the opposite of laissez-faire, stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning, state-directed investment, and the use of market instruments (taxes and subsidies) to incentivize market entities to fulfill state economic objectives.
Socialism in one country
Socialism in one country was a Soviet state policy to strengthen socialism within the country rather than socialism globally. Given the defeats of the 1917–1923 European communist revolutions, Joseph Stalin encouraged the theory of the possibility of constructing socialism in the Soviet Union. The theory was eventually adopted as Soviet state policy. As a political theory, its exponents argue that it contradicts neither world revolution nor world communism.