Western policy lessons in the second phase of regional transformation

Andrea Szalavetz ()
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Andrea Szalavetz: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences

No 119, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies

Abstract: The backward regions of Hungary failed to catch up during the first decade of the Hungarian transition, despite spectacular progress with modernization, accelerating economic growth, deep-rooted changes in regional-development policy, institutions and practice, and substantial spending on regional development. On the contrary, the spatial concentration of the foreign direct investment (FDI) that was attracted exacerbated the regional differences. Some regions caught up very fast and became growth-poles. The situation in others kept deteriorating, while certain regions simply remained hopelessly underdeveloped. Drawing on Western experience and international literature on regional development, this paper analyses the applicability to Hungary of the Western policy approach and of certain measures aimed at restructuring and revitalizing old (traditional) industrial regions.

Keywords: Hungary; regional transformation; Western policy; transition; market economy; economic growth; FDI; industrial regions (search for similar items in EconPapers)
Pages: 12 pages
Date: 2001-09
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:119

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