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"Stumbling and Dusting Off," or an Attempt to Pick a Path Through the Thicket of Bulgaria's New Economic Mechanism
"Stumbling and Dusting Off," or an Attempt to Pick a Path Through the Thicket of Bulgaria's New Economic Mechanism

Author(s): Richard J. Crampton
Subject(s): National Economy, Governance, Economic history, Political history, Economic policy, Economic development, Post-War period (1950 - 1989)
Published by: SAGE Publications Ltd
Keywords: Bulgaria; new economic mechanism; reform of national economy; 1980s; decentralization; democratization;

Summary/Abstract: The most persistent theme in Bulgarian public life during the 1980s has been the attempt to remodel and improve the national economy in accordance with the New Economic Mechanism, the NEM, which itself has been inseparable from "the scientific-technological revolution. " Economic innovation and experimentation are not new to Bulgaria. Previous attempts, however, have generally failed to live up to expectations, often degenerating into confusing and sometimes contradictory administrative changes before being abandoned in favor of a return to the comforts and certainties of a centralized, Soviet-style, command economy. [...]

  • Issue Year: 02/1988
  • Issue No: 02
  • Page Range: 333-395
  • Page Count: 63
  • Language: English