CEU Electronic Theses and Dissertations, 2020
| Author | Horváth, Henriett |
|---|---|
| Title | Slave law, Catching up, and the Hungarian dependence on the German automotive industry: What can the political left and right do? |
| Summary | This thesis seeks to identify the role of German foreign direct investments in the automotive industry of Hungary in the country’s economic development. Although in the 1990s foreign direct investment was a driver of economic “catching up,” since then, and especially after the economic crisis of 2008, it does not seem to be the case. It is a widely accepted idea that the country needs to keep its wages low in order to stay competitive and keep its place in the global division of labour. However, if the country seeks to converge to the Western European living standards, it needs to leave this mentality behind. This thesis demonstrates that any government on the political spectrum has to encourage radical policy and economic changes so that the country can escape its limited high road work model and semiperipheral status, and benefit from foreign private investments. |
| Supervisor | Thomas Fetzer |
| Department | International Relations MA |
| Full text | https://www.etd.ceu.edu/2020/horvath_henriett.pdf |
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