The movement of Hungary (and the rest of Eastern Europe for that matter) from a planned to a market‐orientated economy has attracted the attention of the world. This article explores the phenomenon by looking at the political, as well as the entrepreneurs′, perspectives on this change and the problems that need to be overcome. Infrastructure developments needed to facilitate the change are outlined for three crucial areas: education; a supportive business infrastructure; government policy initiatives.
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Hisrich et al. (1990) studied this question.