Hungary: The Legacy of Economic Progress Interacting with Vulnerability to Economic Crime, 1970–2000

Abstract

By the early 1980s, primarily due to the extremely adverse foreign trade balance, Hungary was forced to join the international economy, a step which itself led to economic reforms. One question that presents itself is how, despite this adverse foreign trade balance, the domestic economy managed to survive and prosper through the 1970s. This question is not merely posed for historical value. For within the answer lie important long‐term vulnerability factors that gave rise to organised criminality. Such an answer in turn explains, to a certain extent, the reasons for the continuity of economic crime within Hungary from the 1970s to the present day.

Citation

Ridley, N. (2001), "Hungary: The Legacy of Economic Progress Interacting with Vulnerability to Economic Crime, 1970–2000", Journal of Money Laundering Control, Vol. 4 No. 3, pp. 249-252. https://doi.org/10.1108/eb027277