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Challenges of Hungarian science policy - the evolution of a knowledge-based economy and society

Author

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  • Miklos Szanyi

    (Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences)

  • Norbert Buzas

Abstract

The last two decades of world economic development were earmarked by several important changes. From the angle of a transition economy in Central Europe two of them stand out the most: (i) the economic transition from central planning back to market economy and (ii) the evolution of a new technological and economic paradigm, i.e. a knowledge-based economy and society. The parallel appearance of the two processes opened up a rare window of development and catching-up for these economies, since mass scale replacement of production inputs specialized on the needs of central planning and eastern-block alliance became unavoidable. This urgent need for massive investments in new capital goods, education and corporate networks could incorporate production means and other carriers of codified knowledge of the new technological paradigm. It could also help define the new role of these countries in the currently reshaping new world-economic labour division. This study makes an attempt of evaluation of the corroboration of these two processes in Hungary.

Suggested Citation

  • Miklos Szanyi & Norbert Buzas, 2004. "Challenges of Hungarian science policy - the evolution of a knowledge-based economy and society," IWE Working Papers 143, Institute for World Economics - Centre for Economic and Regional Studies.
    • Handle: RePEc:iwe:workpr:143
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    File URL: https://vgi.krtk.hu/publikacio/no-143-2004-05/
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    Cited by:

    1. David L. Ellison, 2005. "Competitiveness strategies, resource struggles and national interest in the new Europe," IWE Working Papers 159, Institute for World Economics - Centre for Economic and Regional Studies.

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