The New Economic System (NES) Flashcards
1
Q
Aims
A
Focus on scientific and technological developments (especially in chemicals, optics and electronics
Emphasis on need for scientific expertise
2
Q
Features
A
Profit making as a key indicator for performance
Incentives for workers
Encouraged universities and industries to develop links to improve production
3
Q
Issues with the NES
A
Skilled workers were overqualified which led to disatisfaction and a high labour turnover
Inequality due to wage differentials and ideologically motivated people sabotaged it by destroying machinery
4
Q
Successes of the NES
A
Redulted in a more skilled workforce and higher educational attainment
