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Transformation of a centrally-directed economy: ownership and privatization in Hungary during 1990

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Abstract

Centrally planned or centrally directed economies undergoing transformation into market economies face three interrelated problems concerning entrepreneurship and ownership.

The comments of Bruno Dallago on an early version of this chapter are gratefully acknowledged. The author alone, of course, is responsible for the facts and interpretations contained therein.

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Bibliography

  • Blue Ribbon Commission (1990), Hungary in Transformation to Freedom and Prosperity: Economic Program Proposals of the Joint Hungarian-International, Indianapolis and Budapest: Hudson Institute, 1990.

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  • Dallago B. (1989), ‘The Non-Socialized Sector in Hungary: An Attempt at Estimation of Its Importance’, Yearbook of East European Economics, vol. 13/2 (October–November).

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  • Kornai J. (1986), ‘The Hungarian Reform Process: Visions, Hopes, and Reality’, Journal of Economic Literature, December.

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  • Marer P. (1986), ‘Economic Reform in Hungary: From Central Planning to Regulated Market’, in Joint Economic Committee, U.S. Congress, East European Economies: Slow Growth in the 1980’s, vol. 3, Washington D.C.: U.S. GPO.

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© 1992 Bruno Dallago, Gianmaria Ajani and Bruno Grancelli

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Marer, P. (1992). Transformation of a centrally-directed economy: ownership and privatization in Hungary during 1990. In: Dallago, B., Ajani, G., Grancelli, B. (eds) Privatization and Entrepreneurship in Post-Socialist Countries. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12393-3_10

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