The Effects on Hungary as a New Member Nation in the European Union :: essays research papers fc

Overview/History of Hungary and the European UnionThe dry land of Hungary is a country that has come a long way in a short period of time. In the years since the fall of communism in 1989 in this country, Hungary has managed to establish an extremely comfortable economy and population. Because of this, Hungary has developed into whizz of Eastern Europes most attractive business environments. The take aim of political, structural and economic stability it has achieved demonst casts the success of its transition into a youthful market economy. This stability has allowed for Hungary to become a member of numerous foreign organizations, such as the OECD, NATO, and most recently the European Union in May 2004. Hungarys membership in the EU, although short so far, has brought roughly many changes in the nation, both positive and negative. The nation has always served as a crossroads that connects Eastern Europe to Western Europe, and this coupled with EU membership will only allow Hungarys economy to parent more.The Eastern European nation of Hungary has a population of a picayune more than 10.2 million people with about 2.5 million, or 25% of the countrys population, vivacious in and around the capital city of Budapest. Hungarys populace is do up of mostly Magyars with ethnic minorities of Romanians, Germans, Serbs, and Slovaks. The nation is mostly Catholic with minority religions of Calvinism, Lutheran, and other religions. The life expectancy for the total population is 72.25 years and the literacy rate is very high, with 99.5% of the total population able to read and write, which demonstrates the exceptional educational system in this country. The nation has well-established transportation, communication, banking, insurance, accounting, and legal systems. All of this allows for a prosperous nation.For centuries Hungary had been part of the Holy Roman Empire under the rule of the Hapsburg monarchy. This was until the monarchy was overthrown during W WI and Hungary became a democratic republic however political and social unrest continue for many years, with the government returning to a monarchy at the end of WWI. The nation also lost two-thirds of its territory as part of the unfair quietude settlements following this war. This coupled with economic distress provided incentive for resurgent Hungarian nationalism. After World War II, Hungary became a republic once once more and held democratic elections after which a coalition government was formed. However, the Hungarian communistic Party, supported by the Soviet army, did not accept the results and overthrew the lawful government and assumed power.