Economic stagnation in the 1980s- Return to centralised planning

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What was Honecker's preference regarding the economy of the GDR?
A return to centralised direct control
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What impact did the return of direct centralised control have on many of the developments under ESS?
It saw their demise
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Why did the SED favour a centrally planned economy with less room for local initiative?
It was preferred by the Soviet Union and produced no threat to central authority through introducing capitalist mechanisms
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How could economic performance be described in the 1970s?
As a case of ideology outweighing performance
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What had happened to partly privatised ventures in the 1970s?
thousands were returned to full state control - involved 580,000 employees
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By 1972, what percent of the goods produced in the GDR were accounted for by private enterprise?
0.1%
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What problems did increased central planning create?
An increasing gap between theoretical and actual performance, exacerbated existing problems relating to inefficiency- during the 1980s the economy of the GDR went into crisis
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Other cards in this set

Card 2

Front

What impact did the return of direct centralised control have on many of the developments under ESS?

Back

It saw their demise

Card 3

Front

Why did the SED favour a centrally planned economy with less room for local initiative?

Back

Preview of the front of card 3

Card 4

Front

How could economic performance be described in the 1970s?

Back

Preview of the front of card 4

Card 5

Front

What had happened to partly privatised ventures in the 1970s?

Back

Preview of the front of card 5
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