The role of knowledge and value intangibles in the age of great changes: the case of Hungary in international comparison

Abstract

The future belongs to those who are clever and brave enough to make the right decisions today and also act upon them now. The reason is that all actions have time lags, with other words it takes a considerable time before we can see the results of our today’s decisions. So the future is actually being made today, even if we are not aware of it. This paper assesses how well Hungary is prepared to face the challenges of the rapid technological changes of our age. Values of key indicators measuring preparedness are contrasted with those of the three other V4 countries (Visegrad countries) and three developed countries in the EU. Special emphasis is put on the knowledge and value intangibles, among them ethics, social responsibility and social cohesion, which are getting to be the key drivers of competitiveness success.