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    History A-Level

    Economic reform and recentralisation

    What Economic reform and recentralisation means in History A-Level, as defined for Pearson Edexcel.

    Definition of Economic reform and recentralisation

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    Reference: Pearson Edexcel

    The New Economic System of 1963–68 introduced limited market mechanisms, profit incentives and decentralised decision-making, while the Economic System of Socialism from 1968 recentralised control and set ambitious targets.
    Pearson Edexcel · The development of the East German state, 1961–85 (study guide)

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