Why the economics

factors and social/culture

was important in the
belarus and hungary
nation??
 Hungary
Economic factor
The Hungarian Economy continues to
grow, and inflation is at a low level relative
to the rest of the emerging markets in
Central and Eastern Europe. Hungary has
experienced a series of sweeping changes,
which have transformed it from a Socialist
country to a thriving market economy with
its foot firmly in the door of the European
Union.
There are a number of solid reasons and
indicators to suggest that Hungary's
economy should continue to grow at
current rates. Property investors can feel
secure that there is still much more to gain
from buying Hungarian property.
 Belarus
Economic factor
Economic growth in the last nine years has
been impressive, the report argues that
maintaining the current growth strategy
would lead to a gradual erosion of
economic competitiveness
Economic growth in Belarus has been
broad-based and has been driven primarily
by the improvements in labor productivity,
increase in energy efficiency and capacity
utilization.
 Belarus
The growth structure in Belarus has been
much more beneficial for labor. Growth in
labor-incentive sectors coupled with wage
and income policies have helped to ensure
that the benefits from recent growth were
rather broadly shared by population.
 Hungary
Culture factor’
 The combined impact of World War II and
the communist takeover in 1947 brought
about great changes in the social
structure. For more than a decade, the
new communist government sought to
create a classless society through various
forms of social engineering.
The pace of change slowed, and a social
structure took shape that once again
contained clearly stratified groups. In its
new form, society did not display the
extremes of wealth and poverty
characteristic of the interwar period.
 Belarus
Culture factor important in this nation’
 Belarusian culture is the product of a
millennium of development under the
impact of a number of diverse factors.
 An early Western influence on Belarusian
culture was Magdeburg Law--charters
that granted municipal self-rule and were
based on the laws of German cities.
These charters were granted in the
fourteenth and fifteenth centuries by
grand dukes and kings to a number of
cities, including Brest, Hrodna, Slutsk,
and Minsk.
 During the seventeenth and eighteenth
centuries, when Poland and Russia were
making deep political and cultural inroads
in Belorussia by assimilating the nobility
into their respective cultures, the rulers
succeeded in associating "Belorussian"
culture primarily with peasant ways,
folklore, ethnic dress, and ethnic
customs, with an overlay of Christianity.