A City at the Crossroads: Social and Economic Transformation in Budapest
- 1 August 1994
- journal article
- Published by SAGE Publications in Urban Studies
- Vol. 31 (7), 1081-1096
- https://doi.org/10.1080/00420989420080961
Abstract
East-central European cities arrived at a new phase of their development after the collapse of the former political system. This paper seeks to explore the impact of recent political and economic changes in Budapest, focusing mainly upon problems linked to the privatisation of the built environment and economic life. The rapid transformation of the economy not only reorganises the function and the role of Budapest within its wider region, but also reshapes the internal structure of the city. Due to the large-scale privatisation of housing and the very dynamic growth of the private economy, there is a functional conversion of the central part of the city. Small-scale businesses are mushrooming, and many of the newly established firms rent or buy recently privatised flats for office and business purposes. The dynamic growth of the so-called service sector and business-oriented employment also tends to generate a rapid population change and the improvement of the socio-economic status of certain neighbourhoods.Keywords
This publication has 5 references indexed in Scilit:
- Rich and poor in the Budapest housing marketJournal of Communist Studies, 1990
- Specific urbanization in East-Central EuropeGeoforum, 1990
- Changing patterns of residential segregation in BudapestInternational Journal of Urban and Regional Research, 1989
- Housing classes and housing policy: some changes in the Budapest housing marketInternational Journal of Urban and Regional Research, 1983
- Regional policy in Poland: A search for equityGeoforum, 1982