Country Study, Hungary — страница 5

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reduce their budget deficit. Such obstacles are rising inflation and high rates of unemployment these problems lead to substantial social problems. Regardless, Hungary is still looking the right “social safety net” but not at the expense of its economic viability and without effecting production and output ion a negative way. Conclusion Hungary has come a long way since the initial transition from a centrally planed economy to a market economy in 1988. However, Hungary continues to strive to overcome the obstacles described in this paper. The transition has been difficult for the people of Hungary. People accustom to a centrally planned economy are not typically faced with subjects such as unemployment or cost budgeting. Therefore, many Hungarians have become disillusioned

with the new market economy. However, most (including socialist) have insisted that economic progress continue. In order for Hungary’s economy to continue its success it must remain to be egalitarian in both the way it collects cash through taxes and the way it redistributes resources to the people of Hungary. Hungary must be sensitive to the vulnerable such as the unemployed and the unskilled, during the sometimes unforgiving transition to a market economy. Bibliography 1.   CCET. “The Center For Co-Operation With The Economies in Transition.” OECD-OCDE. Http:// 2.     Sipri. “Military Expenditure Database”. 3.     Washington Post. “ Hungary: State Department Notes” Washington Post.Com.…term/worldref/statedep/hungary.htm 4.     Deioitte and Touche LLp, “Taxation in Eastern Europe”. 5.     Galai, Andra’s. “Sale of Eight Electric Co.’s Jolts Privitization Back to Life.” Http:// 10/17/96. 6.     Galai, Andra’s. “Gathering momentum.” Http:// 10/17/96 7.     Langyel, Laszlo. “Towards a new model.” Http:// 10/17/96. 8.     Newbery, David. “An Analysis of the Hungarian tax Reform.” Center for Economic policy Research. #558 May,1991.