Perestroika was a political movement for reform within the Communist Party of the Soviet Union (CPSU) during the late 1980s widely associated with CPSU general secretary Mikhail Gorbachev and his glasnost policy reform. The literal meaning of perestroika is "reconstruction", referring to the restructuring of the Soviet political and economic system, in an attempt to end the Era of Stagnation.
The economy of Bolivia is the 95th-largest economy in the world in nominal terms and the 87th-largest economy in terms of purchasing power parity. Bolivia is classified by the World Bank to be a lower middle income country. With a Human Development Index of 0.703, it is ranked 114th.
Mengistu Haile Mariam is an Ethiopian former army officer and politician who was the head of state of Ethiopia from 1977 to 1991 and General Secretary of the Workers' Party of Ethiopia from 1984 to 1991. He was the chairman of the Derg, the socialist military junta that governed Ethiopia, from 1977 to 1987, and the president of the People's Democratic Republic of Ethiopia (PDRE) from 1987 to 1991.
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership.
The Derg, officially the Provisional Military Administrative Council (PMAC), was the military junta that ruled Ethiopia and present-day Eritrea from 1974 to 1987, when the military leadership formally "civilianized" the administration but stayed in power until 1991.
Nationalization or collectivization is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy - telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water - though, in many jurisdictions, many such entities have no history of private ownership.
Đổi Mới (𢷮㵋), IPA: [ɗo᷉i mə̌ːi]; transl. "renovation" or "innovation") is the name given to the economic reforms initiated in Vietnam in 1986 with the goal of creating a "socialist-oriented market economy". The term đổi mới itself is a general term with wide use in the Vietnamese language meaning "innovate" or "renovate". However, the Đổi Mới Policy refers specifically to these reforms that sought to transition Vietnam from a command economy to a socialist-oriented market economy.
Reprivatization refers to the process of restoring properties seized or otherwise nationalized from privately held owners by a government to privately held status. This may include returning seized property or compensating uncompensated former owners, or reprivatizing state held enterprises to new owners, especially banks, which were privately founded but came under state control due to economic crisis or other factors. The latter scenario is sometimes referred to as privatization, though scholars have specifically referred to the sale of nationalized Mexican and Korean banks to private shareholders as reprivatization. The terms reprivatization and privatization are sometimes used to describe similar processes. The term privatization is more often used to describe the transfer of property under long-term government control to private owners, while reprivatization implies the property being return to privately held status came under government control on a circumstantial basis. Both terms have been used in connection with larger privatization schemes in the former Soviet Bloc, particularly the process of assigning new property rights.
The Ethiopian Civil War was a civil war in Ethiopia and present-day Eritrea, fought between the Ethiopian military junta known as the Derg and Ethiopian-Eritrean anti-government rebels from September 1974 to June 1991.
Foreign direct investment in Iran (FDI) has been hindered by unfavorable or complex operating requirements and by international sanctions, although in the early 2000s the Iranian government liberalized investment regulations. Iran ranks 62nd in the World Economic Forum's 2011 analysis of the global competitiveness of 142 countries. In 2010, Iran ranked sixth globally in attracting foreign investments.
Industry was 39.9% of China's gross domestic product (GDP) in 2017. In 2007, industry contributed 46.7 percent of GDP in 2010 and occupied 27 percent of the workforce. In 2015, the manufacturing industrial sectors contributed to 40% of China's GDP. The manufacturing sector produced 44.1 percent of GDP in 2004 and accounted for 11.3 percent of total employment in 2006.
Agriculture in Ethiopia is the foundation of the country's economy, accounting for half of gross domestic product (GDP), 83.9% of exports, and 80% of total employment.
Manufacturing in Ethiopia was, before 1957, dominated by cottage and handicraft industries which met most of the population's needs for manufactured goods such as clothes, ceramics, machine tools, and leather goods. Various factors – including the lack of basic infrastructure, the dearth of private and public investment, and the lack of any consistent public policy aimed at promoting industrial development – contributed to the insignificance of manufacturing.
The problem of land reform in Ethiopia has hampered that country's economic development throughout the late 19th and 20th centuries. Attempts to modernize land ownership by giving title either to the peasants who till the soil, or to large-scale farming programs, have been tried under imperial rulers like Emperor Haile Selassie, and under Marxist regimes like the Derg, with mixed results. The present Constitution of Ethiopia, which was put into force January 1995, vests land ownership exclusively "in the State and in the peoples of Ethiopia." The relevant section continues, "Land is a common property of the Nations, Nationalities and Peoples of Ethiopia and shall not be subject to sale or to other means of exchange." Despite these different approaches to land reform, Ethiopia still faces issues of sustainable food self-sufficiency.
The New Economic Policy (NEP) was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient. Lenin characterized the NEP in 1922 as an economic system that would include "a free market and capitalism, both subject to state control," while socialized state enterprises would operate on "a profit basis."
The U.S. Russia Investment Fund (TUSRIF) was an investment fund from 1995 to 2008. It was established by the United States government to make private investments in the Russian economy. By 2005, it had invested $300 million in 44 Russian companies, including DeltaBank, the first bank to sell credit cards in Russia, and DeltaCredit, the first bank to sell residential mortgages in Russia. TUSRIF was replaced by the U.S. Russia Foundation (USRF) in 2008, while its financial arm, Delta Private Equity Partners, was purchased by Deutsche Bank in 2009.
Development Bank of Ethiopia (DBE) is a specialized state owned development financial institution, which is supervised by the Public Financial Enterprises Agency in Ethiopia.
Villagization was a land reform and resettlement program in Ethiopia implemented by the Derg in 1985 that aimed to systematize and regulate village life and rural agriculture. Villagization typically involved the relocation of rural communities or nomadic groups to planned villages with communal farmland.
Turkish economic boom in 2000s
Manufacturing in Sudan remains a relatively small sector of the economy, accounting for 11.75% of GDP as of 2019 according to the World Bank. Manufacturing in Sudan has a long history, with many forms of industry being attempted since World War II. Growth has been more consistent in the 21st century than previously.
