TY - JOUR
T1 - The role of state in development of socio-economic models in Hungary and Slovakia
T2 - the case of industrial policy
AU - Duman, Anil
AU - Kureková, Lucia
PY - 2012/10
Y1 - 2012/10
N2 - This contribution systematically evaluates patterns of change in socio-economic models in Hungary and Slovakia, highlighting the role of the state in the process. While the countries share general similarities in their type of capitalism, a closer overview of institutional domains reveals that important differences exist in the character of change and the role of key actors. In terms of the overall reform paths, Slovakia, especially since the late 1990s, is more coherent and overwhelmingly in a liberal direction, while Hungary appears less radical and encompasses a combination of liberal elements and active state involvement. In this contribution we focus on industrial policy and find that Hungary adopted more comprehensive and vertical industrial support geared towards upgrading, foreign-capital openness throughout the economy, and support of the domestic small and medium enterprise sector. Slovakia developed its industry more through regulation than a direct intervention, opened to foreign capital only in late 1990s, and since then eschewed any attempt to nurture domestic capital.
AB - This contribution systematically evaluates patterns of change in socio-economic models in Hungary and Slovakia, highlighting the role of the state in the process. While the countries share general similarities in their type of capitalism, a closer overview of institutional domains reveals that important differences exist in the character of change and the role of key actors. In terms of the overall reform paths, Slovakia, especially since the late 1990s, is more coherent and overwhelmingly in a liberal direction, while Hungary appears less radical and encompasses a combination of liberal elements and active state involvement. In this contribution we focus on industrial policy and find that Hungary adopted more comprehensive and vertical industrial support geared towards upgrading, foreign-capital openness throughout the economy, and support of the domestic small and medium enterprise sector. Slovakia developed its industry more through regulation than a direct intervention, opened to foreign capital only in late 1990s, and since then eschewed any attempt to nurture domestic capital.
KW - Capitalism
KW - change
KW - industrial policy
KW - socio-economic model
KW - state
UR - http://www.scopus.com/inward/record.url?scp=84864341126&partnerID=8YFLogxK
U2 - 10.1080/13501763.2012.709018
DO - 10.1080/13501763.2012.709018
M3 - Article
AN - SCOPUS:84864341126
SN - 1350-1763
VL - 19
SP - 1207
EP - 1228
JO - Journal of European Public Policy
JF - Journal of European Public Policy
IS - 8
ER -