Opening up Hungary to the World Market: External Constraints and Opportunities

by Jochen Lorentzen

Overview

This book describes the opening of the Hungarian economy from the early This book describes the opening of the Hungarian economy from the early1980s to the current transition. It analyses the management of external debt and international competitiveness, and shows that the dismal economic performance of the country was only partially homemade. Assurances by the international financial community - that uninterrupted debt service would guarantee access to international capital markets - as well as protectionist western trade practices contributed considerably to Hungary's difficulties in credit management and export performance.

Product Details

ISBN-13:	9781349238729
Publisher:	Palgrave Macmillan UK
Publication date:	03/06/1995
Edition description:	1st ed. 1995
Pages:	212
Product dimensions:	5.51(w) x 8.50(h) x 0.02(d)

Editorial Reviews

Explains why Hungary, which jumped into international trade a decade before her eastern European neighbors, ended the 1980s with one of the largest foreign debts, difficulty obtaining funds from international credit institutions, and deteriorating exports. Among the factors cited are the management of foreign debt, industrial and trade policy, the behavior of commercial banks, and protectionist trade practices by the West. Based on all that, recommends policy to expand exports during the current transition period. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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