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Analysis of the reasons for the crisis and insolvency of agricultural enterprises
49-54Views:57The huge insolvency of the enterprise organizations is very adverse for the national economy, the first social and economic task of each country, Hungary as well, should be the maintenance
of the efficient and viable organizations. The liquidation of the agricultural organizations has much more economic and social effects. As a result of my researches I declared that most of the
time the causes, which led to the liquidation of agricultural organizations, are independent from the organisation and are external. The common feature of external causes are that they are
not influenced by the organisations, so they cannot be avoided. So the adaptation to the external causes has huge importance in the battle of avoidance of insolvency. -
In and out of the crisis − Greece
33-36Views:169Facing an unprecedented crisis, both Greece and the international actors have been struggling to facilitate a solution that assures sustainable growth through restructuring the economy and the national accounts. However, enduring solutions cannot be born but through a very thorough understanding of the root causes and the nature of the problem. A country far from fully exhausting her resources is also experiencing increasing tension in the society. Highlighting some key characteristics of the most relevant parties, the factors undermining the society and the real growth potential of the country will be addressed and challenged with key economic principles. This cross-sectional study aims to pave way to a more comprehensive approach to prevent any disagreements or delays that was experienced in late 2013. The findings refer to the assets of the country and identify some basic requirements to boosting the Greek economy. The lessons learned and the growth potential of the country is being discussed in the concluding remarks, pointing to some factors to be considered in the future.
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Slovenian economy in the grip of credit crisis – How to proceed?
19-25Views:153The Slovenian economy has been through steep ups and downs post-EU accession (2004), and is at the crossroads again. The period 2004–2008 was characterized by balanced monetary and fiscal policies resulting in the adoption of the Euro (2007), coupled with overheated economic growth and propelling corporate indebtedness, fuelled by rapid credit expansion from cheap and abundant foreign funding.
The global financial crisis has exposed the “home-grown” vulnerability of the Slovenian economy, bringing about the second largest GDP fall (9.4%) in the Eurozone after Greece, with a double-dip recession (2009, 2012–13). Growth rebounced in 2014 to 2.6% from its low, but the competitiveness of the Slovenian economy continued to slide in international rankings. For further recovery Slovenia, squeezed by high public debt at 82% of GDP, credit contraction despite EUR 5bn state aid injected into the 70% domestically (basically state) owned banking sector, and the continued threat of massive bankruptcy and debt overhang in the corporate sector, has 3 fundamentally different policy options.
− Profound restructuring of the banking system and the real sector, on the basis of earnest privatization and voluminous FDI inflow.
− Slow creditless recovery due to half-hearted reforms in the financial system and corporate sector.
− Substituting wide-ranging micro level restructuring with Government-stimulated credit expansion, reproducing current tensions in even higher magnitudes in the future.
In the current state of the Slovenian economy, equity-led growth, combined with far-reaching institutional reforms seems the only choice in laying the foundation for long-term sustainable economic development. This study outlines the critical further steps in re-invigorating the financial system, utilizing also the proposals elaborated by the author and his banking team for the Slovenian macro policy decision-makers.
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Differences in Regional Development in the Northern Great Plain Region
170-180Views:119An important ambition of EU regional politics is the reduction of disparities. An important strategical objective of the Commission is to terminate underdevelopment and to ensure the development of the regions based on the principles of solidarity, equity and justice. The commission has dedicated forty percent of its common budget to achieve these goals. The differences in development are significantly influenced by the economic characteristics of the specific region, the quality and quantity of human resources, the accessibility of the region and factors influencing local quality of life.
The new spatial structure has been formed by the processes of the change of regime, the events of nineties and the economic renewal based onforeign capital investments parallel with crisis phenomenon. The economic, political and social consequences of the transformation have significantly transformed spatial structure and increased disparities. New disparities have formed, which strengthened due to the formation of east-west slopes and local crisis zones. The outstanding improvement of the capital resulted in great regional development differences, which can be detected when examining regional distribution of gross domestic product. The Eastern part of the country was most heavily affected by the collapse of heavy industry and agricultural mass production based on the Eastern markets.
It is of key importance for the region to strengthen regional competitiveness, which requires the application of consistent development-politics. Economic development is the most important, which can also draw the possibility of establishing welfare infrastructures. It is important to develop the processing industry, the supply networks and to ease the lack of capital it is also important to involve foreign capital. Developing agriculture plays an important role in transforming the structure of the economy. Since the conditions of the region, its traditions and long-term competitive advantages are favorable, thus can represent a greater ratio in the economy than the EU average. The modernisation of the agricultural sector can be promoted by supporting marketing, quality agricultural development and producer-retail cooperation. It is also highly important to promote development in transportation and informatics infrastructure and human resources.
In the future – based on the strength of the region – it is necessary to achieve such a consistent regional development politics, which by validating the principles of regional politics, serves the interest of utilizing regional development supports most efficiently and prevents the irreversible underdevelopment of the region and promotes fast development. -
Regional Development Differences in Hungary and the Northern-Great Plain Region
62-71Views:116The most important endeavour of European Union’s regional policy is to moderate disparities. An emphasised strategic objective of member states, based on the principle of solidarity, fairness and justice, is to develop regions and almost forty percent of the common budget is devoted to achieving this objective.
Hungary, as a full EU member state, will get a new chance for underdeveloped regions, especially for the Eastern-Hungarian as well as the North Hungarian and North Plain Region.
The differences in development among the regions are significantly influenced by the economic characteristics of the specific region, quality and quantity of human resources, accessability of the region and other factors influencing local quality of life beside natural conditions.
The new spatial structure was formed by change of regime, processes of the nineties, primarily the economic renewal based on foreign capital investments and the crisis phenomena in parallel with these. The economic, political and social consequences of the transformation significantly changed spatial structure and increased disparities. New disparities formed which were further aggravated as a consequence due to the formation of the eastern-western slope and local crisis zones. As a result of the outstanding development of the capital, the long term differentiation of regional development differences can also be detected when examining the regional distribution of Hungarian gross domestic product. The collapse of heavy industry and agricultural mass production based on the eastern markets primarily affected the north-east counties in the eastern part of the country.
Strengthening regional competitiveness is of key importance for the region, which requires the application of consistent development policy. The most important is economic development which, if it operates well, also infers the possibility of establishing welfare infrastructures. Drawing in external sources to ease the significant lack of capital is important for the processing industry and the development of supplier networks. Agricultural development also plays an important role in transforming economic structure, since the characteristics of the region, its traditions and long term competitive advantages are favourable, therefore it is going to represent a higher ratio within the economy than the EU average. The modernisation of the agricultural sector can be promoted by supporting market accession, quality agricultural production and stimulating producer-retailer cooperation. The development of transportation and informatics infrastructure as well as human resource development plays a significantly important role in the development of the region.
In conclusion, the implementation of such a consistent regional development policy is required in the future, based on the strengths of the region, that serves the most efficient utilisation of regional development funds through the implementation of regional policy principles and prevents the irreversible decay of the region while promoting rapid development. -
The launch on the way to development or the „revival”... (Comparisons of theoretical and practical approaches apropos of the change and crisis management process of smes and mature companies) .
65-70Views:66Hungarian SMEs, just like those in other EU member states, often cease for various reasons. Among these factors are many, which should not necessarily turn out this way. These factors are studied in numerous countries while the attempt is also made to create the systems of conditions for these enterprises to recover – often through various aids and supports (from public supports to non-governmental initiatives). Among other things they are trying
to organize those services with the help of which – if there is the slightest hope for survival – those SMEs in trouble or having serious difficulties could avoid going down by recovering from
their problematic situation and getting improvements.
These days this issue comes up more and more urgently in Hungary, as well. It has quite a few signs indicating that – among other things – the reports, the enquiries and commissions of the
National Association of Change and Crisis Managers (VOE), all of which – just like "thermometers" – reflect this tendency well.
I have been doing research on this topic since 1993. As an expert I utilize them, and as a VOE member, vice president, then president I process the relevant Hungarian but mainly French
experience on the subject. I intend to present those few theoretical and practical results and applicable experience I have reached this way in this presentation of mine. -
Experiences of organizing the social institutions into non-profit companies in Hajdú-Bihar county
99-102Views:83The study attempts to find solutions for relieving the major serious economic and social problems which are resulted partly by the economic crisis, mainly by demographic processes ( decrease of population, declining economic activity, ageing) and which occur all over Europe. In 2007, in Hungary, the Local Government of Hajdú-Bihar county started to reform the social institutions sytems in a unique way in the interest of operating these systems economically. The experiences, gained after the conversion, show that the companies as social institutions maintainers are able to work properly more efficiently, with less government support while they meet the professional requirements, and the management who does the control is competent
and innovative. -
Regional innovation: State of the art in the Észak-alföld region
139-143Views:81Innovation and innovation performance is gaining increasing importance in European policy, as the targets determined by the Lisbon priorities related to innovation seem to be still far away from the reality in some European countries and at EU level as well. Although the economic crisis determined the priorities of economic development and made it more complicated to dedicate more budget of Research and Development, one of the five ambitious objectives of the EU’s growth strategy for the coming decade: Europe 2020: A strategy for smart, sustainable and inclusive growth is still focusing on innovation. As the Lisbon Strategy determined the paths for national targets in the given areas, Europe 2020 will be adopted as well by the Member States.
In this context, the current work would like to give a short overview how Lisbon Strategy effected the national and regional innovation system in Hungary and will analyze its impact on Észak-Alföld’s region Research, Development and Innovation performance in the recent years and the transition of regional innovation governance system. -
System of relations between competitiveness and social cohesion in the European Union (2007–2020)
39-45Views:128I my current essay I tried to prove that the European Union modified its economic policy due to the financial and economic crisis and the fierce global competitiveness requirements. The main emphasis was laid on the increase of competitiveness. Competitiveness became preferred
to cohesion and the economic and social closing up of the newly joined Middle-Eastern European countries. The funds for competitiveness for growth and employment increase by 6–7% yearly during the financial perspective between 2007–2013. On the contrary the funds for agriculture and rural development decrease by 3% yearly in this period. The tendency remains unchanged during the financial perspective 2014–2020.
This tendency strengthens the establishment of the two speed Europe concept and causes tensions between the core regions and the peripheries. -
External governance and economic patriotism in European policies
35-39Views:101The concept of external governance tries to define the expanding scope of EU rules beyond EU borders. This article presents the theoretical foundations of the concept, differentiating the various institutional modes according to which external governance may take place. Due to the financial and economic crisis the European Union is forced to strengthen its competitiveness opposite to cohesion. In the second part of the study I present the five mechanisms by which the European Union may foster its position in the global competition. The five mechanisms are as follows: extension of the political space of the EU, expansion of the regulation mechanisms of the EU, active coaching of international organisations, territorial extension of the EU’s influence, division of the costs of globalization. After that I deal with the different forms of economic patriotism. Economic patriotism plays crucial role in maintaining the performance and strengthening the position of some preferred domestic industries, ‘national champions’. Tools of economic patriotism differ due to ideological affinities.
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Acquisition practice prior to commercial use in the European Union
153-158Views:72The target of 3% of GDP spent on R&D by the Lisbon priorities seems to be still far away from the reality in some European countries and at EU level as well. The economic crisis determined the priorities and it makes more complicated to dedicate more budget on Research and Development. New methods, new measures are needed in the European Union. Measures that supporting the demand side of the innovation and generates market-pull affects. The Europe 2020 Innovation Union Flagship Initiative dedicates a special role to precommercial procurement for the upcoming 10 years. Nowadays, there are more and more European countries running pilot projects adapting the American SBIR (Small Business Innovation Research) programme.
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Challenges in the mangalitsa sector – present and future
147-153Views:120The Hungarian mangalitza pig sector has experienced numerous structural changes in the past few decades. The increased demand in the foreign markets for the mangalitza pork, changes in the domestic consumer perceptions have increase the number of sows and breeders. After the European Union’s accession started a significant growth in the sector, which was due to the target programme from the year of 2005 for the keeping of animals representing high genetic value, as the breed is indigenous. From 2008 continuous decline can be observed. The main reason for the decrease was the drastic growth of feed costs because of the drought damage in 2007, and the global economic crisis. Since 2010, a further period of supports has been in place, it extands the willingness to keep mangalitza pigs and the number of sows continuously increasing. On the basis of the average farm size (58 sows/farm) in 2011 it can be stated, that after our EU’s accession the medium-sized farms became stronger. To evaluate the geographic concentration of the mangalitza livestock it was analysed the data of sow number among the years of 2000 and 2011. The geographic concentration of mangalitza stock has a medium value over each year under the survey period, except the years of 2004–2007, when the values of Herfindahl-Hirschman index (HHI) have low degrees. Due to the subvention period of indigenous breeds it was established more mangalitza farms in different parts of Hungary. Despite of the growth since 2000, numerous problems are in the segment. The aim of the study is to find out the sectoral problems, which are completed with the objectives tree and draw up the main activities to solve the problems. After estimating the SWOT-matrix according to the methodology of the strategic analysis and the discussions with the secretary of National Association of Mangalitza Breeders is prepared the sectoral problem- and objectives tree. The core problem of the mangalitza sector is that the origin of mangalitza products are not certified in the domestic markets. The reason of it is that the breeders don’t request the certificates of fattening pigs, so it can appear not real mangalitza product on the markets as mangalitza. To solve the problems it is drawn up different suggestions in the objectives tree. This analysis is an useful tool for the decision makers in the mangalitza sector to evolve strategic plans on behalf of the efficient cooperations among chain actors.
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Social justice as a factor in socio-economic preconditions effective process of economic transformation Ukraine
63-64Views:106The article deals with social justice as the main factor of social and economic prerequisites for effective transformation of the economy of Ukraine and basic ways of overcoming injustice in the social sphere of life.
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Food problem and its solution
19-23Views:111The Globalization processes substantially changed relations between countries. One of main factors of these processes is forming in ХХ century of Worldwide auction organization, which activity provided with swift growth of volumes in trade of food commodities. Thus, the solution for global food problem was found. At the end of the second half of ХХ century the production volumes of agrarian goods in countries with a different level of economic development grew considerably. However, a food crisis 2007–2008 led to the necessity to define factors, which would allow to grow production, converting an agrarian sector into sustainable growing industry, passing ahead the increase of quantity of population. -
Evaluation of the current situation of the Hungarian higher education based on a few indexes
121-125Views:101Around the Millennium we experienced the worldwide development and the growing importance of the role of higher education played in the social and economic development. A few years later, however, a crisis appeared in the situation of higher education (Kadocsa, 2002). The Hungarian higher education system faces the perspective of serious changes in its fundamental principals – such as its main activities and the economical ways which are used to finance these activities – even if only parts of the new educational scheme come into effect. Considering this fundamental activity aspect of the issue, there are new challenges which make necessary to rethink the role and aim of higher education and to define the new tasks needed in connection with education, research and other services. Hungarian Education needs to be renewed and improved to avoid a complete
break away; therefore, future priorities and tasks in order to fulfill these priorities need to be defined (Vincze and Harsányi, 2011). The new conception seems to be based on restrictions of the budget as it is experienced recently: a new structure available for a smaller part of society with a restricted budget has been under development. However, not even a battle, let alone a war can be won without money, horses and arms. The recent financial restrictions as well as the parts of the Széll Kálmán plan concerning education prove that serious amounts of governmental funds is taken away from education. The international improvement tendencies contradict to basically all of these Hungarian priorities.
All in all, no reform or change – no matter how much wanted – can be achieved without appropriate funds. -
Challenges and responses for the convergence of people living in deep poverty in Hungary
51-54Views:126The accompanying phenomenon of the ongoing economic crisisis the deepening and fixation of awidely reaching social crisis. The concept o fdeep poverty has become generally known in recent years and has now become inevitable the convergence of the most disadvantaged at EU, governmental,regional and local levels. Besides government and othe rprograms a lot of research and studies serve reintegration. Among convergence tools education and training play prominent roles, which besides the acquisition o fpractical knowledge, place special emphasis on the development of a convergence helping environment and culture, the creation of a "convergenceculture".
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Creating potential agricultural clusters in the Northern Great Plain Region
63-67Views:96The crisis of the hungarian agricultre is continuous since the ’80s. The compensation is made a dual farm system, which has created barriers to efficient agricultural production. It is confirmed by the economic indexes as well. But the most important natural resources of our country is still the land. Over the past 20 years, the government was not able to work out strategic aims and adequate system for the hungarian agriculture. In the past three decades the clusters has become the most common tool in economic development worldwide. Clusters always base on some local knowledge, and a country can be competitive on the industry in which the resources are concentrated. So the question is, is it possible to „clusterize” the
agriculture and through this develop the rural economic. -
The settlement structure-related characteristics and social processes of Hajdúböszörmény after the millennium
49-56Views:94The spatial structural position of Hajdúböszörmény (ease of access) and its economic and social endowments which are more favourable than those of its surroundings make the town more desirable as a target of migration. These endowments are rather advantageous on their own, but the specific settlement structure of the town results in the fact that concentrated, unmanageable and majorly segregated social crisis points have developed in some easily circumscribable parts of the settlement which could lead to a social explosion.