Hungarian Local Government

József Hegedüs

Chapter 7 in Decentralization and Transition in the Visegrad, 1999, pp 132-158 from Palgrave Macmillan

Abstract: Abstract he transition in East-Central Europe from the centrally planned economy to the market economy turned out to be a very complex process. The debate of shock therapy versus gradual change has been overcome. Recent approaches to the transition focus on the economic crises and the necessary restructuring process for the adaptation to the world market system, termed as ‘structural adjustment’. However, recent analyses realized that successful transition had to go deeper into the social life of these societies and that the behaviour of the economic actors had to be radically changed in order to achieve the expected result; this is termed ‘institutional adjustment’. This chapter will focus on both the structural and institutional adjustments of the local government sector.

Keywords: Local Government; Debt Service; Regional Inequality; Political Cost; Local Revenue (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-37464-5_7

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DOI: 10.1057/9780230374645_7

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