The Great Transformation -- Without A Technological Revolution. The Case Of Hungary

Balazs Hamori () and Katalin Szabo

Montenegrin Journal of Economics, 2012, vol. 8, issue 2, 151-164

Abstract: The study examines the question of why the Hungarian economy is drifting twenty years after the change of regime into similarly critical situations, than it had directly before the change. Why the indebtedness has not been stopped, why the consolidation of the economy was not successful, and why the undealyable reforms were not set on their way? The authors mark the "one-sidedness" of the change of the regime as one of the reasons of this, meaining that the institutional changes unfolding at the end of the 80's, the political transformation and the foundation of the fundamental institutions of the market economy were not based on a technological transformation in the 90's. The variously colored governments remained equally insensitive to the necessity of the IT revolution, and to its consequences. For example, while an information technology ministry had already been in place in the United Kingdom in 1985, in Hungary the various economic plans, documents, governmental programs before and after the change of regime were based on an economic world view that was oriented towards the most traditional market economy. The regime-changers up to date have hardly taken any note of the fact that time had already past over the traditional market economy. The authors connect the deficiencies of the technological background of the change of the regimes with the perceptible (and growing) lagging of our competitiveness in several areas, and that the knowledge economy - compared even with countries starting from similar position - remained vestigial, or it has been growing extremely unevenly in the different areas.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://repec.mnje.com/mje/2012/v08-n02/mje_2012_v08-n02-a18.pdf (application/pdf)
http://repec.mnje.com/mje/2012/v08-n02/mje_2012_v08-n02-a18.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:8:y:2012:i:2:p:151-164

Access Statistics for this article

Montenegrin Journal of Economics is currently edited by Veselin Draskovic

More articles in Montenegrin Journal of Economics from Economic Laboratory for Transition Research (ELIT)
Bibliographic data for series maintained by Nikola Draskovic Jelcic ().