Progress in economic reforms in the Soviet Union and Eastern Europe

The year 1967 and the early months of 1968 saw a continuation of the changes in the methods of planning and management initiated earlier in the Union of Soviet Socialist Republics and other socialist countries of eastern Europe. In some of those countries —Bulgaria, Eastern Germany and the Soviet Union —these changes have been under way for some years, and further changes were introduced and additional branches of the economy were covered. Tn Poland the efforts for improving the efficacy of economic planning and management continued, while in Romania a set of measures for improving the management and planning of the national economy was approved at the end of 1967. In Czechoslovakia, a more comprehensive reform in methods of planning and management was implemented at the beginning of 1967, while in Hungary the implementation of the major principles of a new system of management was begun in January 1968.

Related Subject(s): Economic and Social Development
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