A Socioeconomic Note on Hungary in 1990

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Background note

Reference no. 191-006-5

Subject category: Economics, Politics and Business Environment

Authors: József POÓR (International Management Center, Budapest); Joseph Wolfe (University of Tulsa)

Published in: 1991

Length: 44 pages

Data source: Published sources

Topics: Background information; Balance of payments; Business and society; Business environment; Capital markets; Conditions of employment; Cooperatives; Corporate culture; Currency; Decision theory; Economic analysis; Economic development; Employee attitude; Entrepreneurship; Foreign investment

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Abstract

Hungary has been at the forefront in implementing a market oriented economy within the former Socialist block. This case provides background information on the nature of the Hungarian economy in early 1990 and can be used to familiarize students with the past decision making environment managers faced in this Socialist country.

Location:

Hungary

Industry:

Entire nation

Other setting(s):

Past decade