Globalization of small regions in Hungary

Abstract

From introduction: "In Hungary – as in other communist countries – severe political, economic and social changes were unleashed from 1989 onwards. The changeover from planned economy to a market economy was rough with dramatic consequences and complete structural changes. At the beginning of the transition the country faced – among others – with high unemployment, high inflation and as prices were freed wide-spread disappointment and gloom. Hungary was naturally different from the developed countries but also different from other centrally planned economies. In the first decisive phrase this gave Hungary a unique feature in the process of transition."(...)