Work detail

Two approaches to market enviroment: Comparisson of the Czech Republic and Hungary

Author: Bc. Iva Targová
Year: 2004 - summer
Leaders: † prof. Ing. Karel Kouba DrSc.
Consultants:
Work type: Bachelors
Language: Czech
Pages: 52
Awards and prizes:
Link:
Abstract: This paper treats two different approaches to market environment in two relatively successful market economies: in the Czech Republic and Hungary following the political changes of 1989. At the beginning both countries faced the necessity to choose a transformation strategy. The Czech approach has been termed „the shock therapy“, the Hungarian „gradualism“. Though both terms are of course simplifying matters somewhat, at the same time they represent priorities of both economies quite well.
Notwithstanding the different starting points of the transformation, both countries had to face similar problems. After a strong production decrease at the beginning, in the mid 90’s both countries had to deal with inner and outer imbalance growth problems.
High signs concerning the economy problems had been for a long time in both countries overlooked, and only when imminent crisis was threatening, solutions appeared in form of a reform programs.
The main subject of my thesis is then whether the threat of economic crisis has been averted and what course the development took after the reform programs.

Partners

Deloitte

Sponsors

CRIF
McKinsey
Patria Finance