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GDR: New Economic System;1963 - Coggle Diagram
GDR: New Economic System;1963
Limitations
There was conflict of interests between local industries.
Vague and general.
GDR living standards did not compete with West Germany.
Clash between leaders
USSR not fully supportive.
Key Individuals
Under the direction of Evsei Liberman.
Khrushchev
Ulbricht introduced the NES in 1963.
Erich Apel
Aims
Economy - socialist but have capitalist elements
Improve management of individual factories.
Private enterprises
Improving living standers through consumer goods.
Quality over quantity
Development of science and technology.
Profit making.
Successes
Free education.
Free health care.
Highest living standers in the COMECON state.
In 1967 the SED re moulded the old NES and rebranded it as the ESS. This was based on centralisatiom and consumer socialism in 1972 all buisness/ privately owned industries were nationalised.