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Between Transition and EU Accession: Hungary at the Millennium

FOLLOWING A DECADE OF SYSTEMIC TRANSFORMATIONS it is tempting to raise the question: what have we learned? What do we see differently from standard and/or initial approaches? One of the features of the new era is the free availability of reliable and public information. International organisations, research institutions and rating agencies provide regular overviews and international comparisons. Monographic analyses (e.g. Halpern & Wyplosz (eds), 1998; Temesi & Zalai (eds), 1999) have been published and both EU candidacy and OECD membership guarantee regular independent external scrutiny. In this article we first attempt to put Hungarian performance in international perspective. Then we try to explain some of the controversial features of this development. Finally we attempt to elaborate forecast scenarios for future development.