1. Hungary developing
Consumer desires were ignored, tight labor discipline was enforced, and living standards were depressed, so that the largest possible share of Hungary's resources could be used to develop an industrial base. ... After 1958 Hungary expanded its trade with the West; but exports to Western countries have been only about half the value of imports, with a resulting serious balance of payments deficit in hard currency. ... West Germany, Hungary's principal trading partner among the industrialized capitalist countries, ranked third, with 9.6 percent of the imports and 8 percent of the expor...
- Word Count: 1630
- Approx Pages: 7
- Grade Level: Undergraduate