"Hungary and the European Community: problems and prospects"

Sinkovics, Alfred and Angresano, James. (1991) "Hungary and the European Community: problems and prospects". In: UNSPECIFIED, Fairfax, Virginia. (Unpublished)

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Abstract

[Introduction]. Among the major reforms Hungary is currently undertaking is the pursuit of more open economic relations with Western industrialized nations. The furthest expression of Hungary's desire for economic links with the West is its desire to join the European Community (EC). This paper will examine some of the problems faced by Hungary as it pursues political and economic integration with the EC. The first section identifies the procedures an applicant for EC membership must follow, identifying some advantages and disadvantages of enlargement from the point of view of existing EC members. There follows a description of the recent changes in and current status of the Hungarian economy. The pattern of Hungarian-EC trade and negotiations regarding association membership ove the past two decades is discussed in section three, while the advantages and disadvantages of Hungarian membership in the EC from the viewpoint of both Hungary and the EC are identified in the following section. Finally, a likely future scenario is presented, including conditions Hungary has to meet before it can reallistically expect to become an EC member and the length of time it is likely to take Hungary to meet these conditions.

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