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• The question of duality in post-transition economic development

  71-90

  Miklos Szanyi

  Views:

  199

  One of the main questions of the FDI-based economic development model is how the local embeddedness of technologically advanced, globally operating multinational firms can be increased. The global economic integration of smaller, locally owned firms could be enhanced by the stimulating spillover effects stemming from multinationals. However, if the two main sectors of the economy function in isolation from each-other, stimulation effects cannot appear. This paper studies the features and extent of structural duality in Hungary, and the preconditions for deepening economic ties between the two sectors and
  of the utilization of positive externalities stemming from the presence of large multinational firms.

  JEL classification: F23, L53

• Töprengések válság idején: Ajánló Magas István (szerk.): Világgazdasági válság 2008−2009: diagnózisok és kezelések című kötetéhez

  145-147

  Miklos Szanyi

  Views:

  141

• Varieties of development paths in post communist countries with special regard to the transition in Hungary

  5-25

  Miklos Szanyi

  Views:

  175

  Transition in Central and Eastern Europe was carried out in various ways. However, the different countries’ current economic structure, institutions and main economic performance measures are rather similar. The question asked is whether these countries follow a specific kind of development model? What seems likely is that they differ substantially from CIS countries in many aspects. But they also seem to differ from existing models of capitalism more than they do from each-other. Based on this information, the varieties of capitalism literature assumes that such a model does indeed exist. However, no comprehensive positive description of the model has so far been provided. This paper tries to define the main elements of the CEE capitalist models. These are small open economies, with close integration into the world economy through foreign investments, a relatively limited and declining role of state redistribution, the problems of dual economic structure and insufficient job creation, a relatively large shadow economy and “business capture”-type cronyism. Further research is required to properly describe the elements and interactions among them.

  Journal of Economic Literature (JEL) classifications: D72, E65, P31