The European situation following the end of the Second World War created frameworks completely different from those prevailing earlier for the social and economic development of Hungary. The most important elements of change were the high degree of isolation from the historically evolved European system of cooperation, the autarchic development pattern first in national and later in East European frameworks, the creation of the institutional system and management techniques of the one-party system and central planning and, finally, the socialization of property relations. The radical changes were supposed to be legitimized in practice by the accelerated pace of qualitative growth and by the expansion of the network of social services.
KeywordsFree Trade Agreement Central European Country Social Market Economy Full Membership Hard Currency
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