TY - JOUR AU - Tölgyessy Péterné Sass, Magdolna AU - Szalavetz, Andrea TI - Crisis and upgrading. the case of the Hungarian automotive and electronics sectors TS - the case of the Hungarian automotive and electronics sectors JF - EUROPE-ASIA STUDIES J2 - EUROPE-ASIA STUD VL - 65 PY - 2013 IS - 3 SP - 489 EP - 507 PG - 19 SN - 0966-8136 DO - 10.1080/09668136.2013.779463 UR - https://m2.mtmt.hu/api/publication/2250148 ID - 2250148 AB - 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. LA - English DB - MTMT ER - TY - BOOK AU - Stehrer, R AU - Borowiecki, M AU - Dachs, B AU - Hanzl-Weiss, D AU - Kinkel, S AU - Pöschl, J AU - Tölgyessy Péterné Sass, Magdolna AU - Schmall, TC AU - Szalavetz, Andrea TI - Global value chains and the EU industry T3 - WIIW Forschungsberichte = WIIW Research Reports ; 383. ET - 0 PB - Wiener Institut für Internationale Wirtschaftsvergleiche (WIIW) CY - Wien PY - 2012 SP - 151 UR - https://m2.mtmt.hu/api/publication/2145335 ID - 2145335 LA - English DB - MTMT ER - TY - JOUR AU - Mihályi, Péter TI - The evolution of Hungary's approach to FDI in post-communist privatization JF - TRANSNATIONAL CORPORATIONS J2 - TRANS CORP VL - 10 PY - 2001 IS - 3 SP - 61 EP - 74 PG - 14 SN - 1014-9562 UR - https://m2.mtmt.hu/api/publication/2115330 ID - 2115330 LA - English DB - MTMT ER - TY - JOUR AU - Kornai, János TI - Transformational Recession - The Main Causes JF - JOURNAL OF COMPARATIVE ECONOMICS J2 - J COMP ECON VL - 19 PY - 1994 IS - 1 SP - 39 EP - 63 PG - 25 SN - 0147-5967 DO - 10.1006/jcec.1994.1062 UR - https://m2.mtmt.hu/api/publication/1088715 ID - 1088715 AB - 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. LA - English DB - MTMT ER -