Cardozo Journal of International and Comparative Law
Abstract
The transition from socialism to capitalism in Central and Eastern Europe has brought significant economic and social challenges, including unemployment, social instability, and a decline in living standards. While countries like Hungary have made notable progress in privatization and attracting foreign investment, the region as a whole faces critical trade-offs between rapid reform and easing social burdens. The success of these transitions depends on addressing systemic issues such as weak institutional frameworks, inadequate managerial expertise, and the need for patience among citizens to realize the long-term benefits of reform.
Disciplines
Bankruptcy Law | Comparative and Foreign Law | Law | Law and Politics
Recommended Citation
Alisa Yamnarm,
The Crisis of Unemployment and the Future of Reform in Central and Eastern Europe: Hungary as a Model,
3
Cardozo J. Int'l & Comp. L.
181
(1995).
Available at:
https://larc.cardozo.yu.edu/cjicl/vol3/iss1/8