East Asian Investments in Hungary and the Reaction of the European Union
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| További közreműködők: | |
| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | control mechanism East Asia European Union Foreign Direct Investment Hungary screening Visegrád |
| Online Access: | http://dolgozattar.uni-bge.hu/58078 |
| Kivonat: | The foreign direct investment by East Asian countries increased in past decade and China, Japan, and South Korea emerged as major players contributing to Hungarian economy. The capital inflow, mainly automobiles, electronics, and infrastructure, is part of Hungarian "Opening East" strategy for economy openness outside Europe. The giant projects such as Budapest-Belgrade railway funded largely by China and establishment of South Korean batteries plants provide an idea about how aggressively Hungarian economy has been striving for capital inflow and becoming Central and Eastern Europe's hub. But this recent connection with economy has not gone unnoticed for EU. Concerns about openness, EU non-member capitals' reliance, and political risk have nudged EU to tighten controls, e.g., Foreign Direct Investment Screening Regulation. The Chinese investment has also evoked special concerns about economic sovereignty, protecting supply chains, as well as about EU competition policy compliance. In contrast, Hungarian foreign policy orientation away from EU integration—often contrastingly at odds with EU interests—have created tensions that raise question about national-European interest balance. This thesis examines East Asian drivers for investment in Hungary and its economics, politics, and strategic ramifications. Based on investment flows, policymaking, and EU reaction, this research attempts at gauging larger ramifications on Hungarian role in EU. Using integrated case studies, policymaking studies, and economics statistics, this research provides an over-arching analysis on foreign investment, national planning economics, as well as EU regulatory policies' interface. Lastly, this thesis aims to contribute to the debate on how the smaller EU members react to global economic transformation and continue to position themselves in Europe's political and regulatory landscape. |
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