The economic transformation in Hungary – detour or impasse?
Journal: Politeja
Year: 2014

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