The ‘New Growth Path’ in Hungary

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 13 in New Directions in the World Economy, 1989, pp 227-251 from Palgrave Macmillan

Abstract: Abstract This essay will analyze changes in economic policies in Hungary that began with the December 1978 resolution of the Central Committee of the Hungarian Socialist Workers’ Party (for short, Party resolution). The impetus for policy change was provided by Hungary’s growing indebtedness, with its deficit in convertible currency trade reaching $1.2 billion in 1978, equivalent to 6.7 percent of the gross domestic product.1

Keywords: Exchange Rate; Realistic Exchange Rate; Growth Path; Reform Effort; Import Price (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10588-5_13

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DOI: 10.1007/978-1-349-10588-5_13

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