Soviet economic reforms of 1965

E188344

The Soviet economic reforms of 1965 were a set of market-oriented changes aimed at improving efficiency and decentralization in the USSR’s planned economy, particularly by giving enterprises more autonomy and linking bonuses to profitability.

All labels observed (5)

How this entity was disambiguated

Statements (52)

Predicate Object
instanceOf economic reform program ⓘ
policy of the Soviet Union ⓘ
alsoKnownAs 1965 Soviet economic reform ⓘ
Kosygin reforms ⓘ
appliesTo construction enterprises ⓘ
some service-sector enterprises ⓘ
state-owned industrial enterprises ⓘ
appliesToPart Soviet planned economy ⓘ
changedRoleOf Gosplan (State Planning Committee) ⓘ
linked to: Gosplan

branch industrial ministries ⓘ
ministries supervising enterprises ⓘ
coreConcept greater role for profitability and sales volume in planning ⓘ
introduction of cost-accounting principles ⓘ
linking bonuses to enterprise profits ⓘ
profitability as a key performance indicator ⓘ
reduction of central quantitative output targets ⓘ
retention of a portion of profits by enterprises ⓘ
self-financing (khozraschyot) ⓘ
country Soviet Union ⓘ
economicPolicyType market-oriented reform within a planned economy ⓘ
follows Khrushchev economic reforms ⓘ
hasComponent reform of bonuses and wage incentives ⓘ
reform of enterprise management ⓘ
reform of planning indicators ⓘ
reform of profit allocation ⓘ
reform of wholesale prices ⓘ
historicalSignificance major attempt to introduce limited market mechanisms into Soviet socialism ⓘ
precursor to later perestroika-era reforms ⓘ
ideology socialism ⓘ
implementedBy Council of Ministers of the USSR ⓘ
implementedUnderLeader Alexei Kosygin ⓘ
Leonid Brezhnev ⓘ
influencedBy earlier experiments with khozraschyot ⓘ
inspiredBy Yevsei Liberman’s proposals ⓘ
economic debates in early 1960s Soviet press ⓘ
introducedIndicator bonus fund linked to profits ⓘ
profit plan ⓘ
profitability norm ⓘ
legalBasis September 1965 plenum decisions of the CPSU Central Committee ⓘ
USSR Council of Ministers decrees of 1965–1966 ⓘ
mainGoal decentralization of economic decision-making ⓘ
improvement of economic efficiency ⓘ
increase in enterprise autonomy ⓘ
strengthening of material incentives ⓘ
maintained centralized macroeconomic planning ⓘ
state ownership of means of production ⓘ
partialRollback 1970s ⓘ
late 1960s ⓘ
reducedEmphasisOn centralized micro-management of enterprises ⓘ
gross output as main performance indicator ⓘ
startTime 1965 ⓘ
timePeriod Brezhnev era ⓘ
linked to: Leonid Brezhnev

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Alexei Kosygin → workedOn → Soviet economic reforms of 1965 ⓘ
Soviet economic reforms of 1965 → alsoKnownAs → Kosygin reforms ⓘ
linked to: Soviet economic reforms of 1965
New Course policy → influencedBy → Soviet New Course policy ⓘ
linked to: Soviet economic reforms of 1965
September 1965 plenum decisions of the CPSU Central Committee → launched → Kosygin economic reforms ⓘ
linked to: Soviet economic reforms of 1965
USSR Council of Ministers decrees of 1965–1966 → partOf → Soviet economic reform of the 1960s ⓘ
linked to: Soviet economic reforms of 1965
Soviet economy → policyPeriod → Kosygin reforms ⓘ
linked to: Soviet economic reforms of 1965