The Politics of Hungarian Sovereignty
The article analyzes main aspects of V. Orban's policy of strengthening Hungarian economic sovereignty. The Hungarian leadership had to find out balanced and reasonable approach to tackle the world economic crisis. Hungarian ballot package included reform of economic regulation on a state'...
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| Format: | Article |
| Language: | English |
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MGIMO University Press
2016-01-01
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| Series: | Vestnik MGIMO-Universiteta |
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| Online Access: | http://www.vestnik.mgimo.ru/razdely/mirovaya-politika/politika-vengerskogo-suvereniteta |
| _version_ | 1818143101270622208 |
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| author | Larisa A. Yurasova |
| author_facet | Larisa A. Yurasova |
| author_sort | Larisa A. Yurasova |
| collection | DOAJ |
| description | The article analyzes main aspects of V. Orban's policy of strengthening Hungarian economic sovereignty. The Hungarian leadership had to find out balanced and reasonable approach to tackle the world economic crisis. Hungarian ballot package included reform of economic regulation on a state's level, taking moderate protectionist measures and foreign trade diversification. V. Orban's government succeeded in constitutional reform that allowed to consolidate power to deliver coherent economic policy and to harmonize separation of powers with that goal to be reached. Moreover, transferring of economic regulation to constitutional level lead to stabilization of monetary sphere. V. Orban's government enhanced state sector of economy in vulnerable areas, rose taxation on large business and shrank loans' burden of citizens in order to maintain positive economic growth. This measures ensured potential to advance further inside demand rates and to galvanize market capacity. Finally, V. Orban announced "openness to the East" policy aimed at diversifying foreign trade of Hungary. The main focus of the policy was trade with China and Russia. However, supranational authorities of European Union objected this policy goals on the grounds of economic and political consideration. But Hungarian leadership advocated its policy in a very tough way, which is a good example of self-reliance and pragmatism for the future of Europe. |
| first_indexed | 2024-12-11T11:26:19Z |
| format | Article |
| id | doaj.art-84c1479f018f45f890d724263d9dad51 |
| institution | Directory Open Access Journal |
| issn | 2071-8160 |
| language | English |
| last_indexed | 2024-12-11T11:26:19Z |
| publishDate | 2016-01-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Vestnik MGIMO-Universiteta |
| spelling | doaj.art-84c1479f018f45f890d724263d9dad512022-12-22T01:09:00ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602016-01-0149499116599The Politics of Hungarian SovereigntyLarisa A. Yurasova0Управление Президента Российской Федерации по обеспечению конституционных прав гражданThe article analyzes main aspects of V. Orban's policy of strengthening Hungarian economic sovereignty. The Hungarian leadership had to find out balanced and reasonable approach to tackle the world economic crisis. Hungarian ballot package included reform of economic regulation on a state's level, taking moderate protectionist measures and foreign trade diversification. V. Orban's government succeeded in constitutional reform that allowed to consolidate power to deliver coherent economic policy and to harmonize separation of powers with that goal to be reached. Moreover, transferring of economic regulation to constitutional level lead to stabilization of monetary sphere. V. Orban's government enhanced state sector of economy in vulnerable areas, rose taxation on large business and shrank loans' burden of citizens in order to maintain positive economic growth. This measures ensured potential to advance further inside demand rates and to galvanize market capacity. Finally, V. Orban announced "openness to the East" policy aimed at diversifying foreign trade of Hungary. The main focus of the policy was trade with China and Russia. However, supranational authorities of European Union objected this policy goals on the grounds of economic and political consideration. But Hungarian leadership advocated its policy in a very tough way, which is a good example of self-reliance and pragmatism for the future of Europe.http://www.vestnik.mgimo.ru/razdely/mirovaya-politika/politika-vengerskogo-suverenitetaнеортодоксальная экономическая политикаэкономический суверенитетоткрытие на востокВ. Орбанunorthodox economic policyeconomic sovereigntyopenness to the EastV. Orban |
| spellingShingle | Larisa A. Yurasova The Politics of Hungarian Sovereignty Vestnik MGIMO-Universiteta неортодоксальная экономическая политика экономический суверенитет открытие на восток В. Орбан unorthodox economic policy economic sovereignty openness to the East V. Orban |
| title | The Politics of Hungarian Sovereignty |
| title_full | The Politics of Hungarian Sovereignty |
| title_fullStr | The Politics of Hungarian Sovereignty |
| title_full_unstemmed | The Politics of Hungarian Sovereignty |
| title_short | The Politics of Hungarian Sovereignty |
| title_sort | politics of hungarian sovereignty |
| topic | неортодоксальная экономическая политика экономический суверенитет открытие на восток В. Орбан unorthodox economic policy economic sovereignty openness to the East V. Orban |
| url | http://www.vestnik.mgimo.ru/razdely/mirovaya-politika/politika-vengerskogo-suvereniteta |
| work_keys_str_mv | AT larisaayurasova thepoliticsofhungariansovereignty AT larisaayurasova politicsofhungariansovereignty |