Download or read book Opening up Hungary to the World Market written by Jochen Lorentzen and published by Springer. This book was released on 2016-07-27 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the opening of the Hungarian economy from the early This book describes the opening of the Hungarian economy from the early1980s to the current transition. It analyses the management of external debt and international competitiveness, and shows that the dismal economic performance of the country was only partially homemade. Assurances by the international financial community - that uninterrupted debt service would guarantee access to international capital markets - as well as protectionist western trade practices contributed considerably to Hungary's difficulties in credit management and export performance.