Monograph on agrarian reform and agricultural development trends between 1945 and 1974 in Hungary - describes historical evolution from feudalism to a small farmer private sector through democratic land reform, the transition to cooperative farming and collective farming between 1949 and 1967, obstacles to collectivism, etc., and examines industrialization of the agricultural sector, problems of modernization, development in economic growth (incl. Agricultural production), agricultural income, working conditions, and ownership.

Professor Berend presents a comprehensive inside account of Hungary's economic reforms since the 1950s. Working from Communist Party archives, which have hitherto partially remained closed to scholars, Berend situates the history of these economic reforms within their political context, looking in particular at the role of the Soviet Union. He examines the theoretical background to reform, the obstacles that arose during implementation and the gradual realisation that minor reforms of the old system could no longer work. The Hungarian Economic Reforms 1953-1988 comes at a time when many centrally planned economies are examining their performance and structure and seeking suitable forms of change. The Hungarian reforms have attracted those countries wishing to rid themselves of their Stalinist command economies. Thus the book indirectly sheds light upon Chinese economic reforms and on Gorbachev's Soviet perestroika. It will be of interest to specialists and students of East European studies, with special reference to the EMEA, planned economies and economic reform.

This volume in the 'Distortions to Agricultural Incentives' series focus on distortions to agricultural incentives from a global perspective.

This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.