Paying the Bill for Goulash-Communism. Hungarian Development and macro Stabilization in a Political-Economy Perspective.

The Hungarian economy's road from a centralized, planned economy to a market economy displays a number of features that distinguich it from other post-socialist countries, despite the underlying similarities. Without aiming to provide a complete picture, I will pick out four features. One or other of these may occur singly in other countries in the region sa well or more precisely in a few countries in particular periods. The specific feature of hungarian development is the lasting coexistence of these four characteristics.