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- W2523830069 abstract "The latest Hungarian economic growth data, though favourable, do not let us forget that in the longer term growth is weak compared to the preceding period– as well as to the performance of the East-Central European region, which is more dynamic than the European average. In order to make sense of the past decade’srelative loss of pace and lay the foundations for future development policy, it is worth placing Hungary’s case in the context of the slowing tempo typical ofmiddle-income countries. The economic development policies currently pursued by the government are aimed at increasing output in the processing industry, andby extension exports, while relevant international experience advises that it is the higher value-added activities of the global value chain, particularly businessservices, which should be developed further. In this way real wages and income levels could be increased, and the economy would be less exposed to the fluctuations of international cycles." @default.
- W2523830069 created "2016-10-07" @default.
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- W2523830069 date "2015-01-01" @default.
- W2523830069 modified "2023-09-26" @default.
- W2523830069 title "A temporary loss of pace or the middle income trap - a commentary on the tasks for Hungary's economic development" @default.
- W2523830069 hasPublicationYear "2015" @default.
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