MEMORANDUM

Date:
To:
From: 
Re: 
5/11/01
Dr. David Chappell
Brett Filous
Annotated Bibliography

Annotated Bibliography on International Business:

This assignment involves the identification of 20 International business sources that address doing business in foreign countries. 

Table of Contents:
 

Commercial Country Guides The Hungarian Economy Business Cultures in Central & Eastern Europe
OECD Reviews of Foreign Direct Investment: Hungary Cultures of the World: Hungary Politics in Hungary
Blue Guide: Hungary The World Factbook 2000 World Trade Organization
Budahpest Business Journal Hungarian Government Homepage World Bank Group
Access Hungary Hungary1.com WorldBiz.com
ClickBudapest.com Hungarian Home Page Quick MBA
Journal of International Business Studies

 
1. Department of State 2001 Commercial Country Guides: http://www.state.gov/www/about_state/business/com_guides/2001/europe/index.html

Provided by the Department of State, the commercial country guides provide a wealth of information on foreign countries, including political, economic, and social issues.  Issued from the Office of Commercial and Business Affairs (CBA) plays a
major role in coordinating trade and investment matters to support  U.S. firms doing business overseas.  The guides are an important first step for any firm wishing to do business in a foreign country.

The CCG for Hungary (provided in pdf format) provides an outstanding evaluation of doing business in Hungary.  With an emphasis on the country's recent movement from a centralized to market economy, the guide offers insight into the hurdles and successes since 1990.  The section Marketing U.S. Products and Services offers a number of interesting points to encourage American business development within the country.  The U.S. represents the country's sixth largest trading partner after Germany, Austria, Italy, Russia and France. 


 
2. The Hungarian Economy:
http://gm2.interware.hu/HunEco/eng/index.htm 

Provided by the Ministry of Economic Affairs, the website offers quarterly business and economic information for selected countries. 

The quarterly information for Hungary covers multiple economic issuesVissza a magyar f?lapra facing Hungary and their current economic situation.  Included are statistics on such economic variables as GDP, unemployment, and investment.  The website also provides information on the Szechenyi Plan, customs-free zones, and the Hannover Expo. At the Hannover Expo, Hungary wanted to encourage their entrance into the European Union (EU). Last, the website offers contact information for headquarters in Budahpest and also regional contact information. 


 
3. Bateman, Milford. (1997). Business Cultures in Central & Eastern Europe. Oxford: Butterworth-Heinemann.

The book discusses the business culture of the Czech Republic, Hungary, Poland, Croatia, Slovenia, Russia, and Kazakhstan.  Further, the book discusses how the fall of the Berlin Wall has affected business in these countries. 

With respect to Hungary, a wide variety of information is offered on several topics.  These include government, economic reform, the economy, finance, the labor market, and education and training.  Bateman writes that the business culture in Hungary is entreprenurial, open to new ideas, and sophisticated.  Further, Hungary has eliminated the control of communism and looks to be a very business-friendly and forward-looking economy. 


 
4. No Author. (2000). OECD Reviews of Foriegn Direct Investment: Hungary. Andre-Pascal: OECD Publications.

The report examines Hungar's foreign direct investment policies since Hungary entered the OECD in 1996.  The examination was done in 1998 by the Committee on Capital Movements and Invisible Transactions and the Committee on International Investment and Multinational Enterprises.

The report discusses the affect of foreign and domestic investment on Hungary's economy.  Several figures figures are presented regarding who is investing and how much.  Further, the report covers significant legal issues (such as FDI regulation), new investment incentives, and the privitization of the Hungarian economy, which is estimated to be 85%. 


 
5. Esbenshade, Richard S. (1994). Cultures of the World: Hungary. New York: Marshall Cavendish Corporation.

This book discusses the Hungarian culture in many aspects.  Some of these aspects are: history, lifestyle, religion, and language.  The history section covers the first Hungarian state, revolution, war, and communism.  The lifestyle section discusses urban and rural lifestyles, social attitudes, and family.  Esbenshade also discusses the history of religion, Jews in Hungary, and the affect of communism.  Last, the comlexity and character of the Hungarian language is discussed and the proper greetings for formal and informal situations.  The last few pages of the book are devoted to a map of Hungary, some quick facts about the country, and a glossary of Hungarian terms. 


 
6. Toma, Peter A. (1977). Politics in Hungary. W.H. Freeman Company.

The book is an approximation of the Almond-Powell comparative politics model presented by Jan f. Triska of Stanford University.  The book illustrates the three methodical problems with Triska's version.  First, Triska's model assumes that each political system developes within specific environmental restrictions. Second, Triska assumes that the developmental process in a Communist state leads to increased capabilities. Last, Triska assumes that all functions in the model of structure-function analysis affect the operation of the system equally.  The book then goes on to discuss the development of Hungary's political system and the adaption of the political system. 


 
7. Dent, Bob. (1990). Blue Guide: Hungary. New York: WW Norton

Bob Dent lives in Budahpest and works as a journalist, researcher, language editor, and broadcaster. He offers a complete travel guide for Hungary.  Dent offers background information on such topics as the history of Hungary, Hungary today, and arts and entertainment in Hungary.  Also, he offers a wide variety of practical information regarding Hungary.  This information includes getting to Hungary, places to stay, getting around, and places to visit.  The Blue Guide also has specific information on such cities as Budahpest, Pecs, and Eger and geographic features such as the Danube River and Lake Balaton.  Dent also provides maps of each of the cities and locations that he covers. 


 
8. The World Factbook 2000:
http://www.odci.gov/cia/publications/factbook/

The World Factbook contains profiles of every country in the world.  The World Factbook is provided by the Central Intelligence Agency

The information provided for Hungary begins with an introduction that discusses the brief history of Hungary.  The introduction covers the communist rule, the revolt in 1956, and Hungary joining Nato.  Following the introduction are facts about Hungary's people, geography, and government.  Also, facts about the economy, communications, transportation, and the military are offered.  The site also offers a map of Hungary highlighting the major cities, waterways, and surrounding countries.


 
9. World Trade Organization:
http://www.wto.org/wto/english/tratop_e/tpr_e/tp77_e.htm

The World Trade Organization (WTO) is the only global internation organization that deals with the rules of trade between nations.  The goal of the WTO is to help international businesses conduct their business. Click here to return to homepage

The website has information covering the effects of the WTO on Hungary.  This site discusses the macroeconomic and structural changes that Hungary has experienced since 1989.  The site also has significant information regarding Hungary's international trade.  The report concludes that Hungary will face new trade policy challenges as it tries to join the EU while still participating in the WTO and participating in trade agreements with other CEFTA member countries.


 
10. Budapest Business Journal:
http://www.bbj.hu/common/article.asp?id=121432&site=3

The Budahpest Business Journal was founded in 1992 and is now Hungary's leading English language business publication. It is considered the leading investigative business weekly. 

Spot the differenceOne of their recent articles reported that the Forint will become fully convertable this week.  The story reports that the National Bank of Hungary (MNB) and the Finance Ministry announced last week that the government will eliminate all restrictions on foreign exchange transactions for residents and non-residents as of June 15. As a result of the full liberalization of foreign exchange markets, the Hungarian forint will be fully convertible, MNB Governor Zsigmond Járai said last week.  A sign of this liberalization is that restaurants, shops, and travel agencies will now be accepting  German  Deutschmarks. The article was concluded with Járai saying that the government has no concerns that a foreign currency will replace the forint as the main means of payment in Hungary.


 
11. Hungarian Government Homepage:
http://www.meh.hu/default.htm

This website has a wealtho of information on the Hungarian government.  It incluedes information on all of Hungary's ministries including education, defense, finance, health, justice, and foreign affairs.  From the homepage, viewers can subscribe to the press releases (The Hungarian Mirror) that come from the Prime Ministers office.

Financial information is quite extensive.  Not only does the site have general information about the ministry of finance, it also has monthly budget reports and reviews Hungary's economic policy. This site also has a link to the State Aid Monitoring Office (SAMO), which makes sure that Hungary is complying with EU rules. 


 
12. World Bank Group:
http://www.worldbank.org/

The World Bank is the world's largest source of development assistance, providing nearly $16 billion in loans annually to its client countries. It uses its financial resources, highly trained staff, and extensive knowledge base to help each developing country onto a path of stable, sustainable, and equitable growth in the fight against poverty. 

The Hungary Country Page offers general information on Hungary and The World Bank. The site offers a link to the country brief, which offers a more detailed description of the relationship between Hungary and the World Bank.  It covers every major effect the World Bank had on Hungary since Hungary joined in 1982 such as economic performance and international relations. 


 
13. Access Hungary:
http://www.access-hungary.hu/

Access-Hungary provides information for both foreign investors and domestic interests alike. The site is constantly updated to ensure that the reader stays on top of the latest developments in Hungary.

The site offers news on business that affects Hungary.  Daily stock prices are easily linked to and the site also offers weekly analysis from HVG Magazine. Further, the site offers information pertaining to politics, the economy, market analyes, and also has an archives section.  Finally, weekly Forex reports are also availible through this site.


 
14. Hungary1.com:
http://www.hungary1.com/

The site claims to be the "Cybergateway to Hungary". Since 1995, this site has been offering all kinds of information about Hungary, from business to tourism. The site has information on lodging, restaurants, entertainment, shopping and history.  One feature of this site is that it offers business to business connections, allowing businesses to establish good relationships with Hungarian partners. The site also offers opportunities to advertise and search a list of business classifieds. In addition, the site offers many photographs of the country. 


 
15. WorldBiz.com:
http://www.worldbiz.com/

This site offers information on international business practices, international business protocol, international etiquette, cross-cultural communication, negotiating tactics and country-specific data. The site provides a variety of unique products and services which are designed to conduct successful business abroad. 

The site for Hungary is a source of information about doing business in Hungary and developing relationships with those business partners. The site also discusses protocol and business etiquette in Hungary and effective ways to negotiate.  All of the information is provided by U.S. executives working in Hungary.


 
16. ClickBudapest.com:
http://www.clickbudapest.com/

Source of "all the information you need to know about Budapest".  The site includes information about tourism and entertainment, economy and business, and media, culture, and society. 

The section on business and the economy is quite extensive.  In addition to economy and business, this section has information on trade, agriculure, starting a business, and business services in Budapest. In addition, the site has a yellow pages directory for businesses in Hungary.  Overall, this section has well over thirty links related to business in Budapest.


 
17. American Chamber of Congress in Hungary:
http://www.amcham.hu/

The American Chamber of Congress tries to support Hungary's entrance into the economy of today's rapidly changing world.  It is the first non-profit, non-political organization in Hungry and its members have a committment to Hungry's economic growth.

The site offers an abundance of information regarding Hungary.  Daily news concerning Hungary is availible along with investment opportunities.  Also, press releases are offered along with discussion groups. The site is also a source for general information about Hungary.


 
18. Hungarian Home Page:
http://www.fsz.bme.hu/hungary/homepage.html
Viva Pécs
The site's homepage contains an interactive map of Hungary.  Any region of the country or city can be clicked on and then the site gives you information about the region or city.  The site offers general information about Hungary that is divided into information about certain cities. The site also offers mailing lists, newsgroups, FTP servers, and gopher servers.  One interesting link plays the Hungarian National Anthem.


 
19. Quick MBA:
http://mba2.com/

QuickMBA's purpose is to provide business knowledge needed whenever it is needed. The site provides information for anything from optimizing a supply chain or developing a marketing strategy, QuickMBA is a source for business insight as it is taught in the world's top MBA programs, accompanied by news and links to online resources.

The site offers information for all aspects of business including accounting, operations, business law, and management. Provided in the marketing area is information about marketing research, planning, and strategy. The site also offers business news from CBS.com.


 
20. Marketing in Central Europe:
Fahy, J. (2000, First Quarter). The development and impact of marketing capabilities in Central Europe. Journal of International Business Studies, 63-81. The Journal of International Business Studies (JIBS) is a refereed journal that publishes the results of
social science research and other types of articles that advance the understanding of business.This article contains the following abstract:

The industrial organization and evolutionary economics traditions in international business and the resource-based view of the firm in strategic management provide a rich and related set of perspectives on the question of performance in an international environment. This paper draws on these perspectives to examine the nature of marketing capabilities across a range of firm types in Hungary, Poland and Slovenia. A number of key strategic capabilities are examined  including market orientation, the time horizon of strategic decision making and positioning capability. Conclusions are drawn and implications from the research are outlined.