Hungary in the European Union: ’Catching Up’, Forever Cover Image

Magyarország az Európai Unióban: Az örök „felzárkózó”
Hungary in the European Union: ’Catching Up’, Forever

Author(s): József Böröcz
Subject(s): Politics / Political Sciences, Social Sciences, Economy, Supranational / Global Economy, Sociology, Social development, Globalization, Socio-Economic Research
Published by: Fordulat
Keywords: transition;transition to market economy;world system;

Summary/Abstract: In 1989, Hungary was seen as the most market-ready economy in Eastern Europe. In termsof its per capita GDP, however, Hungary is yet to catch up to state socialist levels even aftertwo decades, despite incorporation into the European Union and sharply increased globaland European trade flows. The privatisation of the erstwhile socialist state’s property andthe dominance of western Europe-based capital in assembly plant manufacturing hasmeant high import content for exports and weak wage and subcontracting effects for thelocal economy.

  • Issue Year: 2014
  • Issue No: 21
  • Page Range: 88-100
  • Page Count: 13
  • Language: Hungarian