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All decades ›1980s›1987›Jun›30
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The Soviet Union Decentralized Autonomy Through the State Enterprise Law

1987.06.30 ·Verified ·Importance III ·Sources 2 ·Soviet Union

The Soviet Union passed the State Enterprise Law, delegating financial and production autonomy to factories. Factory directors were allowed to retain profits and determine production, but the lack of clear property rights opened a loophole for subsequent asset siphoning.