
By Michael Marrese, Sandor Richter
This paintings includes papers provided at a convention held in March 1988. It chronicles the efforts of 4 nations - Austria, Finland, Hungary and Yugoslavia - to increase monetary ties with either the East and the West. subject matters lined comprise the evolution of twin monetary ties.
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Example text
The concluding section focuses on the extent to which the success of overall reform and the success of foreign trade decision-making are dependent on each other. AN OVERVIEW OF THE HUNGARIAN REFORM The argument put forward in this section is that the predominance of bureaucratic control within the state-owned section relative to that in the non-state sector and the comparison of macro failures to micro 23 24 Hungarian Foreign Trade successes suggest that the more central authorities have been involved in economic decision-making, the worse have been the results from an efficiency point of view.
J. pANCSITY, 'A jugoszlav-szovjet kiilkereskedelem he lye Jugoszlavia kiilgazdasagi kapcsolataiban' (The Role of Yugoslav-Soviet Trade in the External Economic Relations of Yugoslavia) Kiilgazdasag 1986/11, 60-75. M. RAcz, 'The Mechanism of Hungarian-Soviet Economic Relations', Acta Oeconomica, 38, No. 3-4 (1987) 323-338. S. RICHTER, 'The Development of Hungarian-Soviet Economic Relations', Acta Oeconomica, 38, No. 3-4 (1987) 303-322. S. RICHTER, 'Hungary's Foreign Trade with CMEA Partners in Convertible Currency', Acta Oeconomica, 25, No.
First, Hungary has had no other choice than to release the full energies of its people in a much less planner manner because Hungary has had a very poor endowment of natural resources, thus it has had to rely more heavily on the world market than, say, the Soviet Union; Hungary's opportunities for extensive development were exhausted long ago; and Hungarian leaders and economists have been disillusioned with the relative advantages of a system of centralised economic management. The idea that Hungary has been forced to change is crucial because radical change generally implies a painful transition, which the Hungarians are currently experiencing.