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After the Crisis?


  • András Inotai

    () (Institute for World Economics, Hungarian Academy of Sciences)


The economic crisis is not over yet, but it is already apparent that the developing, emerging countries are the big winners. The Hungarian economy is an open economy, and the issue of openness must be handled by securing new markets. However, it should be noted that 70 percent of Hungarian exports are destined for the European Union. Much greater emphasis should be placed on cooperation with MNCs, and it is also important to determine how to increase added value and how to eliminate the duality of the Hungarian economy. EU funds should be used to develop exports, join multinational networks, offset imports and improve competitiveness.

Suggested Citation

  • András Inotai, 2011. "After the Crisis?," Public Finance Quarterly, State Audit Office of Hungary, vol. 56(3), pages 360-378.
  • Handle: RePEc:pfq:journl:v:56:y:2011:i:3:p:360-378

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    References listed on IDEAS

    1. Neményi, Judit & Oblath, Gábor, 2012. "Az euró bevezetésének újragondolása
      [Rethinking Hungary s prospective adoption of the Euro]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 569-684.
    2. Alcidi, Cinzia & Giovannini, Alessandro & Gros, Daniel, 2012. "‘Grexit’: Who would pay for it?," CEPS Papers 6977, Centre for European Policy Studies.
    3. Kevin Featherstone, 2011. "The JCMS Annual Lecture: The Greek Sovereign Debt Crisis and EMU: A Failing State in a Skewed Regime," Journal of Common Market Studies, Wiley Blackwell, vol. 49(2), pages 193-217, March.
    4. Benczes, István, 2011. "Az európai gazdasági kormányzás előtt álló kihívások. A hármas tagadás lehetetlensége
      [Challenges of European economic governance. The impossible trinity of denial]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 759-774.
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    Cited by:

    1. Mező, Júlia & Udvari, Beáta, 2012. "Effects of the debt crisis on the EU-China relations," MPRA Paper 40367, University Library of Munich, Germany.

    More about this item


    economic crisis; competitiveness; export development;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General


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