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ECOMOMIC VENTURES IN SOCIALIST COUNTRIES WITH WESTERN PARTICIPATION

Á. GORDOS
Acta Oeconomica
Vol. 20, No. 4 (1978), pp. 407-415
Published by: Akadémiai Kiadó
Stable URL: http://www.jstor.org/stable/40728627
Page Count: 9
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ECOMOMIC VENTURES IN SOCIALIST COUNTRIES WITH WESTERN PARTICIPATION
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Abstract

Economic associations in socialist countries with the participation of Western firms are specific aspects of economic cooperation between socialist and capitalist countries. The legal frameworks and economic terms of the organizational forms offering new possibilities for the transformation of economic structure differ from country to country, and the regulations are not yet settled. The lasting depression of the capitalist economy hindered the foundation of joint enterprises in Hungary, too, although the decree of 1977, modifying the legal framework and economic terms of foundation and functioning provides a more favourable and stimulating regulation than previously. When elaborating their development plans Hungarian enterprises ought to analyze more consciously both the advantages and the disadvantages of establishing economic associations with foreign participation.

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