Abstracts of Hungarian Economic Literature Vol. 3 1973 No. 6 [antikvár]

Eoonomio grcxwth is the total of the quantitative and qualitative changes during -which the eoonomio pattern ohanges oontinuously. a more rapid rate of gro-wth runs concomitant -with larger or smaller disturbanoes in economic equilibrium and this is the driving foroe of development. In certain historical periods, the two requirements, equilibrium and gro-wth, can oome into serious contradiction -with one another, and at times like this the ensurance of later harmonie, rapid development requires a temporary acceptanoe of disequilibrium. The author points out the forces of gro-wth characterizing Hungary in the 1950's, Historical experience proves that the disequilibrium accepted in the interests of more rapid gro-wth can be not dangerous if existing only for a short period of time. Later on it can endanger precisely the objective and resuit in a stagnation in development. Structural transformation oan be viewed as the qualitative side of eoonomio gro-wth. Balanced gro-wth présumés development of the différent branches in harmony with one another. Xt must also be kept in mind that eoonomio gro-wth is not an objective but a means for continuously inoreasing the living standards of the population. The most suitable means of meas-urement, in comparisons, would appear to be the per capita national income index. The ooncept of equilibrium is inséparable from growth. Harmony can be established on various levels. By eoonomio equilibrium vie always mean a dynamio equilibrium,