"Structural change" is broadly conceived in this excellent study by a senior member of the staff of the Hungarian Institute for World Economy. One chapter compares East-West economic relations with the industrialized West's relations with "moderately developed" countries elsewhere. A detailed examination of Hungary's efforts to adapt to change stresses how much a country's success depends on what other countries do. Countries that try to screen themselves from the disturbances of structural change elsewhere run the risk of falling behind in their own economic productivity and efficiency. The analysis comes to an end around 1980, so one looks forward to the next installment.
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