To What Extent is Hungary a Knowledge-Based Economy?

Autor:	György Boda
Jazyk:	angličtina
Rok vydání:	2017
Předmět:	knowledge content realisation of comparative advantages upgrading the factors of production knowledge capital dependent market economies Social Sciences Economics as a science HB71-74
Zdroj:	Theory, Methodology, Practice, Vol 13, Iss 01, Pp 69-84 (2017)
Druh dokumentu:	article
ISSN:	1589-3413 2415-9883
DOI:	10.18096/TMP.2017.01.06
Popis:	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.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/68c0a1a549b8479e9470e2b1bd05d8cf Zobrazit plný text záznamu View record in DOAJ