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The Microeconomic Aspect of East-West Cooperation: The Hungarian Experience

In: Economic Relations between East and West

Author

Listed:
  • Béla Csikós-Nagy

Abstract

This study is concerned with East—West cooperation in its microeconomic aspect, which it analyses in the light of the Hungarian experience. With Hungary, we focus on a socialist country whose economy is highly foreign-trade sensitive and marked by a substantial trade with the West. In 1975, Hungary’s exports accounted for over 40 per cent of her national income, and her foreign-trade turnover was divided between CMEA and non-CMEA countries in the proportion of 66:34.

Suggested Citation

  • Béla Csikós-Nagy, 1978. "The Microeconomic Aspect of East-West Cooperation: The Hungarian Experience," International Economic Association Series, in: Nita G. M. Watts (ed.), Economic Relations between East and West, chapter 12, pages 192-210, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-16000-6_13
    DOI: 10.1007/978-1-349-16000-6_13
    as

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