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In 1990 Hungary decided to employ the then prevailing model of economic transition from a state run economy to one based on market principles. It entailed mass privatisations of previously state run companies and the opening up of its borders in front of international capital without much mitigation with regards to its destination and long term objectives.

A study by GKI researcher Máté Veres for the Friedrich Ebert Stiftung. Download the study from here.

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