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This groundbreaking volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded scholars and Eastern European policymakers have collaborated to evaluate the dramatic economic changes taking place throughout the world. The opening essays contribute to the theoretical debate by showing that foreign economic liberalization goes beyond reducing import barriers to policies on investment, financial liberalization, convertability, and export promotion. Case studies compare successful and unsuccessful liberalization attempts world wide. The disintegration of the CMEA and the policy dilemmas facing Central and Eastern Europe are examined in great detail, as the authors explore the pitfalls and opportunities inherent in the transformation from a centrally planned economy. This up-to-date text will be invaluable for courses on the history and transformation of socialist economies, comparative economic systems, and international trade and investment.
This book reviews the experience of 14 countries with external liberalization and related policies, based on papers which follow a common macroeconomic methodology. The authors of these papers trace shifts in the productivity, and employment at the country level.
The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.
The authors of this book have developed a new and stimulating approach to the analysis of the transitions of Bulgaria, the Czech Republic, Hungary, and Slovakia to democracy and a market economy. They integrate interdisciplinary theoretical work with elaborate empirical data on some of the most challenging events of the twentieth century. Three groups of phenomena and their causal interconnection are explored: the material legacies, constraints, habits and cognitive frameworks inherited from the past; the erratic configuration of new actors, and new spaces for action; and a new institutional order under which agency is institutionalized and the sustainability of institutions is achieved. The book studies the interrelations of national identities, economic interests, and political institutions with the transformation process, concentrating on issues of constitution making, democratic infrastructure, the market economy, and social policy.
A fresh interpretation of the contexts, meanings, and consequences of the revolutions of 1989, coupled with state of the art reassessment of the significance and consequences of the events associated with the demise of communist regimes. The book provides an analysis that takes into account the complexities of the Soviet bloc, the events' impact upon Europe, and their re-interpretation within a larger global context. Departs from static ways of analysis (events and their significance) bringing forth approaches that deal with both pre-1989 developments and the 1989 context itself, while extensively discussing the ways of resituating 1989 in the larger context of the 20th century and of its lessons for the 21st.Emphasizes the possibility for re-thinking and re-visiting the filters and means that scholars use to interpret such turning point. The editors perceive the present project as a challenge to existing readings on the complex set of issues and topics presupposed by a re-evaluation of 1989 as a symbol of the change and transition from authoritarianism to democracy.
Brave New Hungaryfocuses on the rise of a “brave new” anti-liberal regime led by Viktor Orbán who made a decisive contribution to the transformation of a poorly managed liberal democracy to a well-organized authoritarian rule bordering on autocracy during the past decade. Emerging capitalism in post-1989 Hungary that once took pride in winning the Eastern European race for catching up with the West has evolved into a reclusive, statist, national-populist system reminding the observers of its communist and pre-communist predecessors. Going beyond the self-description of the Orbán regime that emphasizes its Christian-conservative and illiberal nature, the authors, leading experts of Hungarian politics, history, society, and economy, suggest new ways to comprehend the sharp decline of the rule of law in an EU member state. Their case studies cover crucial fields of the new authoritarian power, ranging from its historical roots and constitutional properties to media and social policies. The volume presents the Hungarian “System of National Cooperation” as a pervasive but in many respects improvised and vulnerable experiment in social engineering, rather than a set of mature and irreversible institutions. The originality of this dystopian “new world” does not stem from the transition to authoritarian control per se but its plurality of meanings. It can be seen as a simulacrum that shows different images to different viewers and perpetuates itself by its post-truth variability. Rather than pathologizing the current Hungarian regime as a result of a unique master plan designed by a cynical political entrepreneur, the authors show the transnational dynamic of backsliding – a warning for other countries that suffer from comparable deadlocks of liberal democracy.
Hungary in State of Exception seeks to analyze the transboundary exchange of political and economic ideas through the global neoliberal hegemonic struggle. Neoliberalism, as a economic and political ideology, defined the history of Hungary not just in the 21st century, but in the troubled 20th century. Eastern Europe played a crucial role in neoliberalism’s rise to control globalized capitalism, and Central and Eastern Europe (CEE) have constantly an incubator of and experimental laboratory for new types of neoliberal capitalism. Antal arguesthat neoliberalism, like populism, is historically embedded in Hungarian political history, its the political form is economic and governmental exceptionalism. This book reveals the common history of Western- and Eastern-style neoliberalism from the Austro-Hungarian Empire to the contemporary COVID-19 crisis. Without emphasis on the century of neoliberalization of CEE, the contemporary rise of regional authoritarianism cannot be understood. Antal also details the relationship between Orbán’s rise and contemporary neoliberal politics in CEE.