Handbook of Hungarian Foreign Trade [antikvár]

INTRODUCTION As technical progress is bringing about increasing differentiation and specialization in industrial production throughout the world, it calls for the rational international distribution of ever more complex and multiple manufacturing processes. The vigorous forward strides of foreign trade all over the world are a concomitant of this development. Hungary's natural and economic resources and her relatively small domestic market make it imperative for her to share, through foreign trade, in the international distribution of labour. The export ratio of the national income is about 40 per cent. As a result of the planned development of industry, the up-to-date large-scale advancement of agriculture and energetic investment activity, the economic growth of the country is sound and vigorous, and her foreign trade is expanding. Its rate of increase exceeded that of the national income and industrial production: the foreign trade activity of Hungary approximately quadrupled during the last decade. Hungary maintains foreign trade with more than 120 countries. Hungary has made deliberate efforts to broaden her foreign trade relations on the basis of reciprocal advantages. At the same time it was proved that the growth of exchange is not hampered by differences in economic and social structure. Both these facts have largely contributed to the above-quoted trend. Hungary is coming to be regarded as an important trade partner in wider and wider circles. Extensive efforts are made to develop market research, to survey accurately the possibilities and the requirements, 7