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The Hungarian Economic Reform of 1968

In: Economic Reforms in the Soviet Union and Eastern Europe since the 1960s

Author

Listed:
  • Jan Adam

    (University of Calgary)

Abstract

As already indicated, the Hungarian reform, like the one in the USSR, was a reform from above. Decisions about the direction of the reform were taken in two stages in Party committees without pressure from below. In the first stage, the initial guidelines of the reform prepared by the committee were approved in 1965 and, in the second stage, the final version was approved by the Central Committee in 1966. The reform itself started in 1968 and was supposed to be fully developed in two years. All the important principles were, however, applied simultaneously. Thus the Hungarian reform was not preceded by experiments as the Czechoslovak was; the Hungarians opted for a ‘big leap’ after a three-year preparation (Portes, 1972).1

Suggested Citation

  • Jan Adam, 1989. "The Hungarian Economic Reform of 1968," Palgrave Macmillan Books, in: Economic Reforms in the Soviet Union and Eastern Europe since the 1960s, chapter 5, pages 72-89, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19709-5_5
    DOI: 10.1007/978-1-349-19709-5_5
    as

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