Corporate Restructuring and the Role of Foreign Direct Investment in Hungary

Ichiro Iwasaki

Chapter 8 in Corporate Restructuring and Governance in Transition Economies, 2007, pp 178-210 from Palgrave Macmillan

Abstract: Abstract In May 2004, Hungary joined the EU with seven other former socialist countries in CEE and the Baltic region, materializing the countries long-cherished dream of re-integrating with Europe. The fifteen-year reform efforts to tackle systemic transformation by the Hungarian government and its citizens finally paid off after their decision to break away from the socialist regime. The road to the EU accession has not been easy since the ‘European Agreements’, which proclaimed that the European club would allow membership from CEE countries, were signed in December 1991. However, Hungary had always been a ‘front runner’ in the process of the EU enlargement towards the east.

Keywords: Total Factor Productivity; Innovation Activity; Multinational Corporation; Foreign Capital; Foreign Company (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-80151-6_9

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DOI: 10.1057/9780230801516_9

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