The Painful Learning Process of Market Economy: Comparative Analysis of the Economic Policies of Slovakia and Hungary from the Change of Regimes Up to Our Days
Ms. Zsuzsanna Tóth

The paper is organised around the question as to what path the economies and economic policies of Slovakia and Hungary have followed for the last twenty years. The two national economies were characterised by different economic and social problems in the analysed period to which they gave different economic political reactions. The paper lists the economic measures and their respective results, and analyses the impacts of the financial crisis of 2008 and the responses given by the two nations in an effort to mitigate the effects of the recession. The conclusion we can draw from the analyses is that the two countries have exchanged their respective economic positions taken up in the convergence process in the past twenty years; the Slovakian economy has become one of the front-rankers while the Hungarian economy has become a laggard from an 'eminent student'.

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