Template-type: ReDIF-Article 1.0
Author-Name: György Boda
Author-Email: gyorgy.boda@uni-corvinus.hu
Author-Workplace-Name: Corvinus University of Budapest
Title: To What Extent is Hungary a Knowledge-Based Economy?
Abstract: 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.
Classification-JEL: E20, E21, F43, F62
Keywords: knowledge content, realisation of comparative advantages, upgrading the factors of production, knowledge capital, dependent market economies
Pages: 69-84
Number: 01
Volume: 13
Year: 2017
File-URL: http://tmp.gtk.uni-miskolc.hu/volumes/2017/01/TMP_2017_01_06_69_84.pdf
File-Format: application/pdf
Handle: RePEc:mic:tmpjrn:v:13:y:2017:i:01:p:69-84