Hungarian Vision and Strategy 2030/40

8 499 Ft

As György Matolcsy puts it in the present volume, ‘In the past 500 years, the nations that have risen are those that have transformed money into capital, invented and introduced new technologies, imparted knowledge to broad sections of society, and provided space for talent to thrive.’ With this in mind, he concludes that for Hungary’s national advancement, ‘We need a new vision – one in which our catch-up to the development level of the West is facilitated by political, social, and economic solutions not only from the West, but also from Asia.’ But what perspectives and mindsets form the foundations of a future-oriented nation? How can the Hungarian intellectual successes of the twentieth century be built upon to secure the country’s sustainability turnaround? What are the key trends and events that will shape Hungary’s nation al strategy? Alongside countless fascinating and inspiring accounts, the answers are all here in this anthology of articles written between 2019 and 2022 by the Governor of Hungary’s central bank and its former Minister of National Economy.

Tartalomjegyzék

Foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Chapter I
Vision and Strategy
1. Hungary in 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
2. Did We Have the Chance to Reach the Development
Peak Of 1936? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
3. The Ten Lessons of the Century after Trianon . . . . . . . . . . . . . . . . 28
4. Trianon 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
5. The Decade of National Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
6. The Third Decade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
7. Watersheds and Momentous Years . . . . . . . . . . . . . . . . . . . . . . . . . . 44
8. Can We Achieve the Average EU Development
Level by 2030? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
9. Our Economic Policy and Rubik’s Cube . . . . . . . . . . . . . . . . . . . . . 52
10. The Developmental State and Expanding Markets . . . . . . . . . . . . 55
11. Departure and Arrival . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
12. Let’s Catch Up With Ourselves! . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
13. Top in Ten Categories by 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
14. Removing the Stains of Shame . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Chapter II
The Economy of the Future
15. Geopolitics, Technology, Money . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
16. Goals and Means . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78
17. Results and Reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82
18. Riding Waves Is Good for Us . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
19. The Four Key Factors of Success . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
20. New Sustainable Economics – Part I . . . . . . . . . . . . . . . . . . . . . . . . 94
21. New Sustainable Economics – Part II . . . . . . . . . . . . . . . . . . . . . . 100
22. The Language of Success . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107
23. The Economy of the Future . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111
24. The Richness of Language – The Language of Richness . . . . . . 117
25. Language and Economic Policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121
26. Maslow in Hungary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126
27. Farewell to Sándor Kopátsy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128
Chapter III
The Future of the Region – The Region of the Future
28. Hungary on the Map of the World . . . . . . . . . . . . . . . . . . . . . . . . . 133
29. KIDSingChi.hu . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 141
30. Eurasian Country-pairs – Part I . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147
31. Eurasian Country-pairs – Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . 152
32. Halfway to Singapore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157
33. Why the UAE? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161
34. Why Estonia? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165
35. The European Union in 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168
36. The Three Crises of Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173
37. The Future of the Region – The Region of the Future . . . . . . . . 177
38. Parallel Lives in Central Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . 182
39. “Pole and Hungarian, Two Good Friends” . . . . . . . . . . . . . . . . . . 186
40. “Polak, Węgier, Dwa Bratanki” – Part I . . . . . . . . . . . . . . . . . . . . . 190
41. “Polak, Węgier, Dwa Bratanki” – Part II . . . . . . . . . . . . . . . . . . . . 195
42. What Is Reflected in the Czech–Hungarian Mirror? . . . . . . . . 199
43. What Is Reflected in the Hungarian–Czech Mirror? . . . . . . . . 205
44. Romania on Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 211
Chapter IV
Balance and the Revolution of Money
45. Ten Years – Ten Top Rankings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 217
46. Play to Win – Part I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220
47. Play to Win – Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223
48. The Upcoming Years Will Bring the Revolution of Money . . . 228
49. Sustainable Hungarian Finances in the 2020s . . . . . . . . . . . . . . . 233
50. The Euro-trap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 237
51. Maastricht 2.0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241
52. Central Banks in the 2020s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 243
53. Targeting the Target . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 247
54. We Need a Sustainable Housing Policy . . . . . . . . . . . . . . . . . . . . . 252
55. A Programme for New Homes . . . . . . . . . . . . . . . . . . . . . . . . . . . . 254
56. The Decade of Risks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 257
Chapter V
Successful Crisis Management and Sustainable Catch-up
57. From Laggard to Frontrunner Once Again . . . . . . . . . . . . . . . . . 261
58. Overtaking on A Bend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 265
59. Overtaking on a Bend 2.0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 268
60. Did Our Attempt to Overtake on a Bend Succeed? . . . . . . . . . . 271
61. How Should We Restart? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275
62. Restart – By Acceleration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278
63. Three Crises in Hungary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 281
64. The Fourth Campaign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 285
65. A Reorientation in Recovery Is a Must . . . . . . . . . . . . . . . . . . . . . 288
66. The Particularities of Hungarian Growth . . . . . . . . . . . . . . . . . . . 293
67. The Reserves of the Hungarian Growth Model . . . . . . . . . . . . . . 296
68. What Should We Keep from the Extensive
Growth Model? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 299
69. What Is the Value of a Central Bank if It Is Hungarian? . . . . . . 305
70. The Economic Impacts of the Pandemic . . . . . . . . . . . . . . . . . . . . 310
71. An Assessment of Hungary’s Pandemic Management . . . . . . . . 314
72. Competitiveness and Crisis Management . . . . . . . . . . . . . . . . . . . 318
73. From Effective Pandemic Management
to Sustainable Catch-up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 322
Chapter VI
The Future of Europe – The Europe of the Future
74. The Future of Europe – The Europe of the Future . . . . . . . . . . . 329
75. Partnership with a Lion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 333
76. The Global Trends of Our Decade . . . . . . . . . . . . . . . . . . . . . . . . . 336
77. The Challenges of Our Decade . . . . . . . . . . . . . . . . . . . . . . . . . . . . 339
78. Significant Risks, Great Opportunities . . . . . . . . . . . . . . . . . . . . . 345
79. Is This The Return of the 1970s? . . . . . . . . . . . . . . . . . . . . . . . . . . . 350
80. Economic Fractals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 354
81. The Third Time’s The Charm, the Fourth Is a Bonus . . . . . . . . . 358
82. Hungary’s Sustainable Catch-up . . . . . . . . . . . . . . . . . . . . . . . . . . . 361
83. Reorientation in the Carpathian Basin . . . . . . . . . . . . . . . . . . . . . 365
84. What Might Be the Solution to the Budapest-Dilemma? . . . . . 371
85. A New Kind of Smart Garden for Hungary . . . . . . . . . . . . . . . . . 376
Acknowledgements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 381
Bibliography . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 382
Illustrations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 387
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 388

További információk

Tömeg 0,985 kg
Szerző

György Matolcsy

ISBN

9789635732265

Borító

Keménytábla, cérnafűzött

Oldalszám

388

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