Seminar paper from the year 2001 in the subject Economics - Case Scenarios, grade: 1 (A), Wiesbaden University of Applied Sciences (Economics and International Business Administration), course: International Economic Relations I, language: English, abstract: Introduction This country paper has been written for educational reasons. It is part of the class 'International Economic Relations I' - University of Applied Science Wiesbaden of winter 2001. It is attended to the former socialist country Hungary, which underwent a transition from a socialistic to a democratic country. Mainly it throws light on the question if the simultaneous economical transition - from a planned to a market economy has been successful. Successful means if the country is able to catch up with economical leading countries. 'What matters is the whole package of policies, financial and technical assistance and dept relief if necessary.'(1) [...] _ 1 cf. "Globalization: Threat or Opportunity?", http://www.imf.org/external/np/exr/ib/2000/041200.htm; International Monetary Fund Issued Brief; Washington 2000; p. 7f