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Technological and institutional changes on the labour market and in corporate organization. A comparison of Western and East-Central Europe

100%
Kapas J., Czegledi P.
Kozgazdasagi Szemle (Economic Review)
|
2008
|
vol. 55
|
issue 4
308-332
EN
A framework for understanding the interconnections of technological and institutional changes is offered by a theory that rests on the technological-economic paradigm. For harmony between the new technology and the institutions develops only through a slow process of institutional transformation. The technological change of paradigm in the American system of institutions has brought far better adaptation to the info-communication revolution than Europe's has. The study presents in two fields - the labour market and corporate organization - how the leading post-socialist and West-European countries alike have faced the problem of providing an institutional system suited to the consequences of the info-communications revolution.
2

The rise and fall of Hungary - the Britain of East-Central Europe

88%
Murakozy Z.
Kozgazdasagi Szemle (Economic Review)
|
2008
|
vol. 55
|
issue 2
149-168
EN
Hungary, once the best-performing socialist country and a leader in the 1990s, now has a rate of economic growth slower than that of the other countries in the region. The present overweight, overspending state and the returning disequilibria derive from the softer dictatorship of the Kádár period, which instated a 'quasi-welfare state' to boost its legitimacy. Maintaining this on a macro level has softened the country's budget constraint and led to indebtedness. This uncovered 'welfare policy' has survived in a mutant form under democratic conditions and become one of the main causes of today's woes. While the micro-level budget constraints of companies have hardened, soft democracy has allowed the macroeconomic budget constraint on the state to remain soft. The two Hungarian characteristics of a state overweight for decades and the continuity of the process of systemic change have between them turned Hungary into a textbook example of the decline of a society ruled by Olson interest groups.
3

STATE AND MARKET IN HUNGARY. SPONTANEOUS ORDER OR BUREAUCRATIC DISORDER (Allam es piac Magyarorszagon. Spontan rend vagy burokratikus rendetlenseg)

88%
Murakozy L.
Kozgazdasagi Szemle (Economic Review)
|
2009
|
vol. 56
|
issue 3
270-288
EN
A faulty sphere of systems developed in Hungary under socialism and after the change of system, not irrespectively of each other. The socialism imposed by the Hungarian state was too 'market', too 'capitalist', but Hungarian capitalism has proved too 'state', too 'socialist' in the criteria of the ruling system. Instead of spontaneous order, as outlined by Hayek, the essence of Hungary's new system has become 'bureaucratic disorder'. As institutions developed and influenced each other, the leading 'mutant' mix was a self-generating process that prevents the advantages of the new system from developing. The situation is similar in the relation between rapidly developed formal institutions and social awareness, which is rapidly become paternalistic. The informal institutions often impede operation of the formal ones.
4

Legal and regulatory conditions for competitiveness in Hungary

75%
Torok A.
Kozgazdasagi Szemle (Economic Review)
|
2007
|
vol. 54
|
issue 12
1066-1084
EN
A string of analyses has been made on the factors and development of Hungarian competitiveness, but far less attention paid to some elements of the business environment that are counterproductive in competitiveness terms. The study surveys these, especially market failures in the availability of essential products and services, excessive costs of administrative procedures, and links between increasing competitiveness and fighting corruption. A
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