|
|
|
|
| LEADER |
04609nmm a2200697 u 4500 |
| 001 |
EB002095773 |
| 003 |
EBX01000000000000001235863 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
221013 ||| eng |
| 100 |
1 |
|
|a Kaminski, Bartlomiej
|
| 245 |
0 |
0 |
|a Hungary's Integration into European Union Markets
|h Elektronische Ressource
|b Production and Trade Restructuring
|c Kaminski, Bartlomiej
|
| 260 |
|
|
|a Washington, D.C
|b The World Bank
|c 1999
|
| 300 |
|
|
|a 33 p.
|
| 653 |
|
|
|a Comparative Advantage
|
| 653 |
|
|
|a Macroeconomics and Economic Growth
|
| 653 |
|
|
|a Markets and Market Access
|
| 653 |
|
|
|a International Economics & Trade
|
| 653 |
|
|
|a Water and Industry
|
| 653 |
|
|
|a Competitiveness
|
| 653 |
|
|
|a Competitive Markets
|
| 653 |
|
|
|a Goods
|
| 653 |
|
|
|a Agribusiness and Markets
|
| 653 |
|
|
|a Transition Economy
|
| 653 |
|
|
|a Trade Policy
|
| 653 |
|
|
|a Production
|
| 653 |
|
|
|a Rural Development
|
| 653 |
|
|
|a Trade Barriers
|
| 653 |
|
|
|a GDP
|
| 653 |
|
|
|a Debt Markets
|
| 653 |
|
|
|a Private Sector Development
|
| 653 |
|
|
|a Environmental Economics and Policies
|
| 653 |
|
|
|a Trade
|
| 653 |
|
|
|a Central Planning
|
| 653 |
|
|
|a Agriculture
|
| 653 |
|
|
|a Economic Relations
|
| 653 |
|
|
|a Capital
|
| 653 |
|
|
|a Investment
|
| 653 |
|
|
|a Value
|
| 653 |
|
|
|a Access to Markets
|
| 653 |
|
|
|a Free Trade
|
| 653 |
|
|
|a Environment
|
| 653 |
|
|
|a Emerging Markets
|
| 653 |
|
|
|a General System Of Preferences
|
| 653 |
|
|
|a Public Sector Development
|
| 653 |
|
|
|a Industry
|
| 653 |
|
|
|a Markets
|
| 653 |
|
|
|a Water Resources
|
| 653 |
|
|
|a Transition Economies
|
| 653 |
|
|
|a Shares
|
| 653 |
|
|
|a Exports
|
| 653 |
|
|
|a Finance and Financial Sector Development
|
| 653 |
|
|
|a Economic Theory and Research
|
| 700 |
1 |
|
|a Kaminski, Bartlomiej
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b WOBA
|a World Bank E-Library Archive
|
| 856 |
4 |
0 |
|u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2135
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a June 1999 - Can Hungarian firms cope with competitive pressures and market forces within the European Union market (a criterion for joining)? The empirical evidence suggests that Hungary can withstand such competitive pressures without suppressing the real incomes of Hungary's citizens. Hungary has achieved impressive results in reorienting both its production and trade. Between 1989 and 1992, as the former CMEA markets collapsed and Hungary liberalized imports and the exchange rate regime, exports to the European Union (EU) expanded, with manufactured exports redirected largely to Western (mostly EU) markets. During this first phase of expansion, characterized by a dramatic reorientation and explosion of trade, the value of Hungary's exports increased 84 percent. In 1993 export expansion lost steam and EU-oriented exports fell 12 percent.
|
| 520 |
|
|
|a The Hungarian share of environmentally dirty products imported by the EU has increased, but these products have not been trendsetters among Hungarian exports, their share in exports falling from 26 percent in 1989 to 16 percent in 1996. The rapid pace of Hungary's turnaround seems to reflect the emergence of second-generation firms, mostly foreign-owned. Foreign-owned firms tend to be more export-oriented. Hungary has been one of the more successful transition economies because its economy was receptive to foreign direct investment from the outset. Between 1990 and 1997, Hungary absorbed roughly half of all foreign capital invested in Central Europe. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study regional integration. The author may be contacted at bkaminski@worldbank.org
|
| 520 |
|
|
|a In a second phase of expansion (in 1994-97), driven by restructured and rapidly changing export offers, exports again registered strong performance, their value increasing 132 percent. There was a dramatic shift from an export basket dominated by resource-intensive, low-value-added products to one driven by manufactures, with a rapidly accelerating growth of engineering products. Machinery and transport equipment rose from 12 percent of exports to the EU in 1989 to more than 50 percent in 1997. The shift from natural resource and unskilled-labor-intensive products to technology- and capital-intensive products in EU-oriented exports suggests the potential for integration higher in the value-added spectrum. More stringent EU environmental regulations will affect a relatively low, and falling, share of Hungary's exports.
|