Competitiveness and industrial renewal via production relocation by global multinational networks
Miklos Szanyi ()
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Miklos Szanyi: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences
No 166, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies- Hungarian Academy of Sciences
Electrical industry is regarded as the backbone of the ICT branch’s hardware production. The international settlement of this industry is therefore of paramount interest for developed economies and emerging market economies as well. They all compete for investments in this sector. This study analysis the development of Hungarian electrical industry from the early years of transition when output performance was at the deepest level and when this sector along with the automotive branch became the primary source of economic expansion. The sector’s performance is compared with data from other CEE countries and with other Hungarian industries in order to illustrate the widespread modernization effects of foreign investments in this sector. The question of activities’ relocation from more developed countries to Hungary, and in most recent years from Hungary to less developed regions is also dealt with. Relocations are regarded in this paper from the Hungarian viewpoint as necessary and positive developments. Relocated activities give room for other, more sophisticated and more income generating activities
Keywords: electrical industry; automotive branch; Hungary; CEE countries; multinationals; relocation; infocommunication (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:166
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