The Economic System Of Socialism Flashcards
1
Q
Why did this system replace the NES?
A
It wasnt communist enough
2
Q
Features
A
Reintroduced centralisation
Central planning extended to trade and agriculture
Emphasis on computer tech, chemical industry and higher quotas
3
Q
Initial success
A
The GDR’s economy grew by 5.7% in comparison to the FRG’s 3.3%
Industrial production rose by 43% from 1958 to 1963
Improvements in quality of labour
4
Q
Failings
A
Too much emphasis on industry
Shortages in CGs (economy was not diversified)
5
Q
What happened to GNP from 1960-5 and 1965-70
A
1960-5: increased by 3.5%
1965-70: increased by 5%
6
Q
Potential themes for economy essay
A
Economic growth (including agriulture and industry)
CGs/SoL
Self sufficiency
