Document Type
Article
Disciplines
International Law
Abstract
For many years, insolvency and bankruptcy were not subjects for discussion in socialist countries such as Hungary. In the last few years, however, the situation has slowly changed. Now unemployment, the protection of workers, and the liquidation of enterprises are subjects often discussed. Neither the liquidation of state enterprises nor the abandonment of the principle of full employment is an easily accepted development since each amounts to a fundamental change in political and economic thinking. It is uncertain whether the present position will last, but for the time being the effect of both old and new factors can be observed.
The peculiarities of a comprehensive planning system based on state property and the coexistence of the elements of a centralized management system those of a decentralized, market-oriented management system require special treatment. A better understanding and a comparison with other management systems is best achieved by showing the special importance of some of the characteristic features of the Hungarian system.
Recommended Citation
Harmathy, Attila, "Hungarian Report" (1989). Connecticut Journal of International Law. 116.
https://digitalcommons.lib.uconn.edu/cjil/116
Accessibility Requirements
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