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Corporate Restructuring and the Role of Foreign Direct Investment in Hungary

In: Corporate Restructuring and Governance in Transition Economies

Author

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  • Ichiro Iwasaki

Abstract

In May 2004, Hungary joined the EU with seven other former socialist countries in CEE and the Baltic region, materializing the countries long-cherished dream of re-integrating with Europe. The fifteen-year reform efforts to tackle systemic transformation by the Hungarian government and its citizens finally paid off after their decision to break away from the socialist regime. The road to the EU accession has not been easy since the ‘European Agreements’, which proclaimed that the European club would allow membership from CEE countries, were signed in December 1991. However, Hungary had always been a ‘front runner’ in the process of the EU enlargement towards the east.

Suggested Citation

  • Ichiro Iwasaki, 2007. "Corporate Restructuring and the Role of Foreign Direct Investment in Hungary," Studies in Economic Transition, in: Bruno Dallago & Ichiro Iwasaki (ed.), Corporate Restructuring and Governance in Transition Economies, chapter 8, pages 178-210, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-80151-6_9
    DOI: 10.1057/9780230801516_9
    as

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