Abstract
In this paper, I focus on the present state of economic reform in Hungary. Let me correct myself immediately: while for more than a third of a century we have been speaking about economic reform in Hungary, we are now abandoning this term in favor of transition from a planned economy to a market economy. The difference between these two approaches will be presented in section 2 of the paper. In section 3, the achievements in creating the framework for a market economy will be outlined. In section 4, attention is drawn to some new developments in the actual operation of the system. The most important missing elements of a market economy will be identified and ways to fill in these spaces will be considered in section 5.
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© 1991 Springer-Verlag Berlin Heidelberg
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Bauer, T. (1991). Experiences and Prospects: The Case of Hungary. In: Giersch, H. (eds) Towards a Market Economy in Central and Eastern Europe. A Publication of the Egon-Sohmen-Foundation. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-76572-8_6
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DOI: https://doi.org/10.1007/978-3-642-76572-8_6
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-76574-2
Online ISBN: 978-3-642-76572-8
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