Introduction
I. Setting the stage: economic policies and conditions up to 1990
-Historical background ]
-The Hungarian economy at the start of the 1990s
-Present challenges
II. Macroeconomic conditions and policies since 1990
-Domestic demand and production
-Employment and unemployment
-Inflation
-The balance of payments
-Fiscal policy
-Monetary policy
-The exchange rate
-The economic outlook
III. Overview of structural reform
-The changing role of government
-The establishment of a two-tier banking system
-Labour market policies and wage setting
-The legal framework for the development of a market economy
IV. Integration into the world economy
-The traditional approach
-Progress towards greater integration into the world economy
-Policy options
-Conclusions
V. Privatisation
-Equity, efficiency, budgetary soundness and practicality
-An overview of the move from state ownership to private ownership
-Evaluating the privatisation process
-Conclusions
VI. Conclusions
Bibliography
Annexes
-I. Industrial production, agricultural production, investment and corporate-sector activity
-II. Privatisation: the legal framework and the first SPA-initiated programme
-III. The reform of the tax system
-IV. Standard of living and income distribution
-V. The instruments of monetary policy
-VI. Foreign trade