In 1990, General Electric acquired Tungsram Ltd., a Hungarian lightbulb manufacturer. Hungary's inflation rate was 28% in
Question:
a. What happened to the competitiveness of GE's Hungarian operations during 1990 and 1991? Explain.
b. In early 1992, GE announced that it would cut back its capital investment in Tungsram. What might have been the purpose of GE's publicly announced cutback?
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a Since forint devaluations havent kept pace with Hungarys roaring inflation we know that the forints real exchange rate has risen Specifically if the nominal exchange rate dollar value of the forint ...View the full answer
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