Hungary

Hungary began its transition to a market economy as long ago as 1968 with the adoption of the New Economic Mechanism, when detailed central planning was abandoned and the economy was regulated by means of financial and economic levers. However, after a period of re-centralization in the 1970s and further market-oriented reforms during the 1980s, it became evident that the country was still far from achieving a successful transition. Nevertheless, Hungary's attempts at economic reform over the last 20 years are remarkably instructive, both for the present government's program of transition and for other Eastern European nations. Moreover, many of the measures now being implemented in Hungary were prepared and in many cases began to be implemented prior to the country's political transformation. Hence, there is much stronger continuity in the Hungarian reforms than one can find elsewhere in the region

Economic policy · Economic reform · Economic system · Economic transformation · Economics · Economy · Free market · Market economy · Planned economy · Political science · Politics · Russia and Soviet political economy

• The role of privatisation in post socialist urban transition

  Open Access•Keith Grime•GeoJournal•1999

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• The Pricing and Valuation of Public Assets

  Open Access•Pál Valentiny, Trevor Buck et al.•Annals of Public and Cooperative…•1992

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• Maternity benefits and marital stability after birth

  Open Access•Elizabeth Brainerd, Olga Malkova•Journal of Population Economics•2023

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• After the Rectifying Revolution

  Open Access•Melvin D Williams, Michael Williams et al.•Capital & Class•1993

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• The road to a free economy

  Open Access•Branko Horvat•Journal of Economic Behavior &…•1991

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• The beginnings of institutional reform in Hungary

  Paul Hare, Paul G Hare•Soviet Studies•1983

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• Hungary

  John C Campbell, Paul Hare et al.•Foreign Affairs•1981

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