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Transformations in Hungary by Peter Meusburger,Heike Jöns Pdf
During the first decade after the turn towards democracy and market economy, Hungary's society experienced profound changes. The book analyses related political, legal, institutional and socio-economic structures and processes in order to contribute to a further understanding of Hungary's ongoing transformation processes and its current situation as one of the leading candidates for EU membership. The topics include constitutive elements of a modern market economy as well as education, income structures, the poverty situation, post-communist voting behaviour, regional and urban development and Hungary's cross-border co-operations. The role of Budapest within the European city system and Hungary's economic situation within Europe are also discussed. Drawing together comprehensive empirical data and a geat variety of viewpoints, the book offers innovative examples of the application of different theoretical approaches to transformation studies and studies of economy and society in general.
From Command to Market Economy in Hungary Under the Guidance of the IMF by Pongrác Nagy Pdf
When Hungary decided to change its system from a command to a market economy, it was persuaded by friendly governments and international organizations, including the International Monetary Fund, that this could be best done under the guidance of the IMF, assisted by the World Bank. Inexperienced and trusting governments believed this and did as they were told. As a consequence, monetarism and neo-liberalism, by virtue of the Washington Consensus, were brought to Hungary and became the ruling ideologies of this transition economy that was totally unsuited to them.The consequences were disastrous. A difficult economic situation was transformed into a crisis situation: unprecedented depression with 18.2% decline of gdp; the loss of 3 years of output and 1.5 million jobs; 24% decline in real incomes, 31% decline in the purchasing power of pensions; the pauperization of a large segment of the population; deterioration of external competitive position; emergence of a large public debt; and d
Reforms for Stability and Sustainable Growth An OECD Perspective on Hungary by OECD Pdf
EU accession in 2004 has confirmed Hungary’s successful transformation from a centrally planned economy into a functioning market economy operating within the framework of a multi-party democracy. However, the country’s output per capita is still ...
This book is a study of the Hungarian economy and its attempts at economic reform over the last 20 years. It provides insight into the failures of the past and suggests ways that future pitfalls might be avoided.
Seminar paper from the year 2001 in the subject Economics - Case Scenarios, grade: 1 (A), Wiesbaden University of Applied Sciences (Economics and International Business Administration), course: International Economic Relations I, 41 entries in the bibliography, language: English, abstract: Introduction This country paper has been written for educational reasons. It is part of the class ‘International Economic Relations I’ – University of Applied Science Wiesbaden of winter 2001. It is attended to the former socialist country Hungary, which underwent a transition from a socialistic to a democratic country. Mainly it throws light on the question if the simultaneous economical transition - from a planned to a market economy has been successful. Successful means if the country is able to catch up with economical leading countries. ‘What matters is the whole package of policies, financial and technical assistance and dept relief if necessary.’(1) [...] _____ 1 cf. “Globalization: Threat or Opportunity?”, http://www.imf.org/external/np/exr/ib/2000/041200.htm; International Monetary Fund Issued Brief; Washington 2000; p. 7f
Back to a Market Economy by József Temesi,Ernő Zalai,István Ábel Pdf
In this text, the authors analyze the way Hungary has recovered economically over the last decade. Their answers to the sophisticated conceptual questions of the Hungarian transformation procedure are far from a simplified view of the recent situation. The past ten years are characterized by achievements and failures, hopes and disappointments, economic results and social problems.
Economic Reform in Hungary Since 1968 by Anthony R. Boote,János Somogyi,International Monetary Fund,International Monetary Fund Staff Pdf
This paper examines Hungary's reforms since 1968. It discusses the government's medium-term adjustment program, unveiled in the fall of 1990, which aims to install the key elements of a market economy in three years
Money, Incentives and Efficiency in the Hungarian Economic Reform by Joseph C. Brada,Istvan Dobozi Pdf
The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.
This paper is a contribution to efforts to increase the understanding of changes in the transition economies, with an emphasis on agriculture, focusing on Hungary and Poland. The author draws on over three decades of experience in working in Central and Eastern Europe. After evaluating the policy and programme responses of Hungary and Poland to the radical changes associated with their transitions towards market economies, the publication draws lessons of value to economies that are not as far along in their own transitions.