Új hídmodell: Magyarország újraiparosodása a kínai technológia-export és a globális iparpolitikai fordulat idején
A new bridge model: the re-industrialisation of Hungary in the face of Chinese technology exports and the global industrial policy turnaround

Summary/Abstract: China's increased global role also affects Hungary's integration into the world economy. In this article, we examine this relationship in the context of the crisis process that started in the 1970s of the post-World War II global economic cycle. In the first part of the paper, we show how the crisis of Hungarian socialist foreign economic integration, the post-socialist economic model subordinated to Western capital, and then, beyond EU transfers, the regime of the 2010s based on German working capital, Eastern loans and state-supported domestic enterprise development, were linked to the global economic transformation in which China's re-industrialisation and, from the 2010s onwards, its intensified capital flight played a key role. In the second part of the paper, the reindustrialisation-focused model of Hungarian economic development, which will gain momentum in the 2020s as a new form of geo-economic bridge function for Hungary's long-term foreign economic integration, is analysed in the context of the technology export that started to take off as a result of the catching-up of Chinese industry and the Western protectionist industrial policies that responded to it.

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