Corvinus
Corvinus

Hungary's U-Turn

Kornai, János (2015) Hungary's U-Turn. Capitalism and Society, 10 (2). pp. 1-24.

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Official URL: http://capitalism.columbia.edu/journal/10/2

The text published here contains only a few footnotes and references. A large part of the research is based on sources in Hungarian language; those are not mentioned here. Further notes with additional explanations and citations, as well as a more complete list of references, including the sources in Hungarian language, are to be found in the extended version of the paper, which is available at the author’s website: www.kornai-janos.hu.

Abstract

For two decades Hungary, like the other Eastern European countries, followed a general policy of establishing and strengthening the institutions of democracy, rule of law, and a market economy based on private property. However, since the elections of 2010, when Viktor Orbán's Fidesz party came to power, Hungary has made a dramatic U-turn. This article investigates the different spheres of society: political institutions, the rule of law, and the influence of state and market on one another, as well as the world of ideology (education, science and art), and describes the U-turn’s implications for these fields and the effect it has on the life of people. It argues against the frequent misunderstandings in the interpretation and evaluation of the Hungarian situation, pointing out some typical intellectual fallacies. It draws attention to the dangers of strengthening nationalism, and to the ambivalence evident in Hungarian foreign policy, and looks into the relationship between Hungary and the Western world, particularly the European Union. Finally, it outlines the possible scenarios resulting from future developments in the Hungarian situation.

Item Type:Article
Subjects:Economic development
Economic policy
ID Code:1886
Deposited By: Ádám Hoffmann
Deposited On:04 Apr 2015 05:39
Last Modified:09 Apr 2015 18:02

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