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Hungary: The Janus-faced Success Story

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  • Làszlò Csaba

Abstract

This paper offers a broad overview of the Hungarian development strategy over the past two decades. Combining historical and functional analysis, some major strengths and weaknesses are identified, with special emphasis on the country's open-door policies and the role played by the European Union. The paper investigates why the impetus of institutional and financial integration was lost by about 2004 when policy drifting took over the role of strategies. Some ideas on how to remedy the situation are being offered.

Suggested Citation

  • Làszlò Csaba, 2009. "Hungary: The Janus-faced Success Story," WIDER Working Paper Series RP2009-13, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2009-13
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    File URL: https://www.wider.unu.edu/sites/default/files/RP2009-13.pdf
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    References listed on IDEAS

    as
    1. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
    2. Dora Győrffy, 2007. "Deficit Bias and Moral Hazard on the Road to the EMU: The Political Dimension of Fiscal Policy in Hungary," Post-Communist Economies, Taylor & Francis Journals, vol. 19(1), pages 1-16.
    3. Bilge, Semih & Celikay, Ferdi, 2008. "Avrupa Birliği Bütçe Harcamaları ve 2007–2010 Dönemi AB Bütçe Harcamalarının Analizi [European Union Budgetary Expenditures and Analysis of EU Budgetary Expenditures During 2007–2010 Period]," MPRA Paper 42149, University Library of Munich, Germany.
    4. Štefan Majtán & Gabriela Dubcová, 2008. "The Ethics in the Product Marketing," Ekonomika a Management, Prague University of Economics and Business, vol. 2008(2).
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    Cited by:

    1. Ágnes Orosz, 2013. "Large-Scale Transformation of Socio-Economic Institutions – Comparative Case Studies on CEECs. Background Paper 2: Comparative Country Study Hungary. WWWforEurope Working Paper No. 18," WIFO Studies, WIFO, number 46873, February.

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    More about this item

    Keywords

    Economic development; Economic integration; Strategic planning; Sustainable development; Trade regulation;
    All these keywords.

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