@article{MTMT:2250148, title = {Crisis and upgrading. the case of the Hungarian automotive and electronics sectors}, url = {https://m2.mtmt.hu/api/publication/2250148}, author = {Tölgyessy Péterné Sass, Magdolna and Szalavetz, Andrea}, doi = {10.1080/09668136.2013.779463}, journal-iso = {EUROPE-ASIA STUD}, journal = {EUROPE-ASIA STUDIES}, volume = {65}, unique-id = {2250148}, issn = {0966-8136}, abstract = {By triggering a wave of organisational restructuring, reconfiguration of supply chains and consolidation of business processes at multinational companies, the crisis offered significant upgrading opportunities for peripheral actors in globalised production networks (the so-called global value chains). Drawing on Hungarian case studies of local subsidiaries in the automotive and electronics industries, this essay investigates the crisis-induced product, process and functional upgrading opportunities in low-cost locations. We show Hungary's high level of integration into global value chains and document the rapidly ongoing process of functional upgrading.}, year = {2013}, eissn = {1465-3427}, pages = {489-507} } @book{MTMT:2145335, title = {Global value chains and the EU industry}, url = {https://m2.mtmt.hu/api/publication/2145335}, author = {Stehrer, R and Borowiecki, M and Dachs, B and Hanzl-Weiss, D and Kinkel, S and Pöschl, J and Tölgyessy Péterné Sass, Magdolna and Schmall, TC and Szalavetz, Andrea}, publisher = {Vienna Institute for International Economic Studies}, unique-id = {2145335}, year = {2012} } @article{MTMT:2115330, title = {The evolution of Hungary's approach to FDI in post-communist privatization}, url = {https://m2.mtmt.hu/api/publication/2115330}, author = {Mihályi, Péter}, journal-iso = {TRANS CORP}, journal = {TRANSNATIONAL CORPORATIONS}, volume = {10}, unique-id = {2115330}, issn = {1014-9562}, year = {2001}, pages = {61-74} } @article{MTMT:1088715, title = {Transformational Recession - The Main Causes}, url = {https://m2.mtmt.hu/api/publication/1088715}, author = {Kornai, János}, doi = {10.1006/jcec.1994.1062}, journal-iso = {J COMP ECON}, journal = {JOURNAL OF COMPARATIVE ECONOMICS}, volume = {19}, unique-id = {1088715}, issn = {0147-5967}, abstract = {All the post-socialist countries are in deep recession. This study discusses the common features of these recessions, using the Hungarian economy as an example. The author starts by considering the following general reasons for the phenomenon: (1) the shift from a sellers' to a buyers' market, (2) the transformation of the real structure of the economy, (3) the disturbances in the coordination mechanisms, (4) the macroeconomic consequences of the hardening of financial discipline, and (5) the backwardness of the financial system. Two components of macro-demand, investment and exports, are then examined. The most important factor here is the dwindling propensity to invest. Finally, a summary of the conclusions to be drawn from the analysis is given. There are good reasons for placing the tasks of emerging from the recession at the top of the list of economic-policy priorities, but it is important to do so without permitting an acceleration of inflation or a resumed increase in indebtedness. (C) 1994 Academic Press, Inc.}, year = {1994}, eissn = {1095-7227}, pages = {39-63} }