The economic transformation in Hungary – detour or impasse?

The economic transition took place in the Central and Eastern European region almost at the same time. The reasons and the process of economic transition are similar. However, the Hungarian case had a special importance in the change of the regime, as it was followed by a political transformation....

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Autor principal:	Andrea Schmidt
Formato:	article
Lenguaje:	EN PL
Publicado:	Ksiegarnia Akademicka Publishing 2014
Materias:	economy transformation reforms convergency Law K Political science J
Acceso en línea:	https://doaj.org/article/b0802d24ef13477aa4f2e713c87b8ef9
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id	oai:doaj.org-article:b0802d24ef13477aa4f2e713c87b8ef9
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spelling	oai:doaj.org-article:b0802d24ef13477aa4f2e713c87b8ef92021-11-27T13:16:24ZThe economic transformation in Hungary – detour or impasse?10.12797/Politeja.11.2014.28.051733-67162391-6737https://doaj.org/article/b0802d24ef13477aa4f2e713c87b8ef92014-04-01T00:00:00Zhttps://journals.akademicka.pl/politeja/article/view/3026https://doaj.org/toc/1733-6716https://doaj.org/toc/2391-6737 The economic transition took place in the Central and Eastern European region almost at the same time. The reasons and the process of economic transition are similar. However, the Hungarian case had a special importance in the change of the regime, as it was followed by a political transformation. The New Economic Mechanism from 1968 brought irreversible changes in macroeconomy and in the attitude towards enterpreneurship. The reforms were stopped because of several reasons. However, the spirit survived. While focusing on the transformation, it is also essential to examine the historical and political background of Hungary to answer the question whether the socialist economy can be can be considered a “detour” or “impasse”. Using the different statistical data about the Hungarian convergency towards the developed Western European region, it can be said that the relative backwardness is rooted in the historical past and apart from the fact that several efforts were carried out in order to reduce or at least to stop the growing differences, these attempts failed partly because of several inappropriate political decisions. Andrea SchmidtKsiegarnia Akademicka PublishingarticleeconomytransformationreformsconvergencyLawKPolitical scienceJENPLPoliteja, Vol 11, Iss 2(28) (2014)
institution	DOAJ
collection	DOAJ
language	EN PL
topic	economy transformation reforms convergency Law K Political science J
spellingShingle	economy transformation reforms convergency Law K Political science J Andrea Schmidt The economic transformation in Hungary – detour or impasse?
description	The economic transition took place in the Central and Eastern European region almost at the same time. The reasons and the process of economic transition are similar. However, the Hungarian case had a special importance in the change of the regime, as it was followed by a political transformation. The New Economic Mechanism from 1968 brought irreversible changes in macroeconomy and in the attitude towards enterpreneurship. The reforms were stopped because of several reasons. However, the spirit survived. While focusing on the transformation, it is also essential to examine the historical and political background of Hungary to answer the question whether the socialist economy can be can be considered a “detour” or “impasse”. Using the different statistical data about the Hungarian convergency towards the developed Western European region, it can be said that the relative backwardness is rooted in the historical past and apart from the fact that several efforts were carried out in order to reduce or at least to stop the growing differences, these attempts failed partly because of several inappropriate political decisions.
format	article
author	Andrea Schmidt
author_facet	Andrea Schmidt
author_sort	Andrea Schmidt
title	The economic transformation in Hungary – detour or impasse?
title_short	The economic transformation in Hungary – detour or impasse?
title_full	The economic transformation in Hungary – detour or impasse?
title_fullStr	The economic transformation in Hungary – detour or impasse?
title_full_unstemmed	The economic transformation in Hungary – detour or impasse?
title_sort	economic transformation in hungary – detour or impasse?
publisher	Ksiegarnia Akademicka Publishing
publishDate	2014
url	https://doaj.org/article/b0802d24ef13477aa4f2e713c87b8ef9
work_keys_str_mv	AT andreaschmidt theeconomictransformationinhungarydetourorimpasse AT andreaschmidt economictransformationinhungarydetourorimpasse
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The economic transformation in Hungary – detour or impasse?

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