To What Extent is Hungary a Knowledge-Based Economy?
While we can generally see a decline of the share of industry, parallel to this trend the Visegrad countries are taking over more industrial production (mainly assembly). This will reduce the requirements for innovative knowledge workers. This “over-industrialisation” has led to a dual economy, in...
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| Format: | Article |
| Language: | English |
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University of Miskolc
2017-08-01
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| Series: | Theory, Methodology, Practice |
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| Online Access: | https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1634 |
| _version_ | 1797648412055699456 |
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| author | György Boda |
| author_facet | György Boda |
| author_sort | György Boda |
| collection | DOAJ |
| description |
While we can generally see a decline of the share of industry, parallel to this trend the Visegrad countries are taking over more industrial production (mainly assembly). This will reduce the requirements for innovative knowledge workers. This “over-industrialisation” has led to a dual economy, in which domestic companies compete by utilising the comparative advantages of a cheaper labour force. In fact, products whose comparative advantages do not decrease as the development gap narrows are needed for sustainable economic development. If we continue to hinder the development of non-material services this way, then by decreasing innovative capacities we shall get deeper into the trap of dependent market economies.
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| first_indexed | 2024-03-11T15:31:49Z |
| format | Article |
| id | doaj.art-1bcca2721ad44ec3b52858f210c4e194 |
| institution | Directory Open Access Journal |
| issn | 1589-3413 2415-9883 |
| language | English |
| last_indexed | 2024-03-11T15:31:49Z |
| publishDate | 2017-08-01 |
| publisher | University of Miskolc |
| record_format | Article |
| series | Theory, Methodology, Practice |
| spelling | doaj.art-1bcca2721ad44ec3b52858f210c4e1942023-10-27T04:13:20ZengUniversity of MiskolcTheory, Methodology, Practice1589-34132415-98832017-08-01130110.18096/TMP.2017.01.06To What Extent is Hungary a Knowledge-Based Economy?György Boda0Corvinus University of Budapest While we can generally see a decline of the share of industry, parallel to this trend the Visegrad countries are taking over more industrial production (mainly assembly). This will reduce the requirements for innovative knowledge workers. This “over-industrialisation” has led to a dual economy, in which domestic companies compete by utilising the comparative advantages of a cheaper labour force. In fact, products whose comparative advantages do not decrease as the development gap narrows are needed for sustainable economic development. If we continue to hinder the development of non-material services this way, then by decreasing innovative capacities we shall get deeper into the trap of dependent market economies. https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1634knowledge contentrealisation of comparative advantagesupgrading the factors of productionknowledge capitaldependent market economies |
| spellingShingle | György Boda To What Extent is Hungary a Knowledge-Based Economy? Theory, Methodology, Practice knowledge content realisation of comparative advantages upgrading the factors of production knowledge capital dependent market economies |
| title | To What Extent is Hungary a Knowledge-Based Economy? |
| title_full | To What Extent is Hungary a Knowledge-Based Economy? |
| title_fullStr | To What Extent is Hungary a Knowledge-Based Economy? |
| title_full_unstemmed | To What Extent is Hungary a Knowledge-Based Economy? |
| title_short | To What Extent is Hungary a Knowledge-Based Economy? |
| title_sort | to what extent is hungary a knowledge based economy |
| topic | knowledge content realisation of comparative advantages upgrading the factors of production knowledge capital dependent market economies |
| url | https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1634 |
| work_keys_str_mv | AT gyorgyboda towhatextentishungaryaknowledgebasedeconomy |