Hungary's Reform Process
商品編號：9B06M081
出版日期：2006/08/22
再版日期：2009/09/21
商品來源：Ivey
商品主題：General Management/Strategy; International Business
商品類型：Case (Library)
涵蓋議題：Globalization;International Business;Deregulation;Government Regulation
難易度：5 - MBA/Postgraduate
內容長度：17 頁
地域：Hungary
產業：Administration of Economic Programs
事件年度：2006
By 2006, Hungary had experienced more than 15 years of transition from central planning to free markets. The reform process had involved several distinct phases. The initial "leap to the market," with its widespread privatizations, included a dramatic deregulation with a "guillotine" procedure. A more refined process of "regulatory impact assessments" (RIAs) followed this period. A newly empowered competition office sought to strengthen the extent of competition within markets dominated by a single firm or a small group of firms. The goal of EU membership was a consistent driver of the reforms as early as 1991, since the EU model was compulsory for EU members. These years had been turbulent, and the transition was not yet complete. In 2006, Hungary faced the challenge of a fiscal deficit that was 9.5 per cent of GDP, and responded by raising corporate tax rates from 16 per cent to 20 per cent as an attempt to close the fiscal gap. However, Hungary was in an intense competition with Poland, the Czech Republic and Romania to attract opportunities. Tax rates were an important element in this competition, but so were the regulatory impediments and distortions that still remained in the economy. How to create a rapidly growing economy was a question at the forefront of public policy debate. A 2006 Financial Times article discussed this dilemma.
教學手冊：8B06M81
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