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The Role of Knowledge in the Socio-Economic Transformation of Hungary in the 1990s

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Transformations in Hungary

Part of the book series: Contributions to Economics ((CE))

Abstract

At the end of the 1980s, the majority of experts and politicians expected that a transfer of capital, technology, institutions, and management practice from western countries would successfully transform the centrally planned economies of communist states into market economies in a relatively short period of time. In the early discussion, spatial disparities and time lags in the success of the transformation process did not appear to be an important issue. Ten years later, the lesson has been learned that a transformation process needs, above all, endogenous knowledge resources. Imported capital, technologies, and managerial techniques must be matched with internally available professional skills, experience, creativity, entrepreneurship, as well as attitudes and value systems conducive to a market economy to be effective. Endogenous knowledge resources are the key mechanisms that determine how quickly outside knowledge and technologies are obtained, understood, and incorporated (Malecki 2000). Even managerial and organisational techniques are culturally determined (Schreyögg 1996, 80-84), and have to be modified and adjusted when they are transferred to a different cultural milieu.

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  1. Department of Geography, University of Heidelberg, Berliner Straße 48, 69120, Heidelberg, Germany

    Peter Meusburger  & Heike Jöns  & 

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Meusburger, P. (2001). The Role of Knowledge in the Socio-Economic Transformation of Hungary in the 1990s. In: Meusburger, P., Jöns, H. (eds) Transformations in Hungary. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57584-6_1

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  • DOI: https://doi.org/10.1007/978-3-642-57584-6_1

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  • Print ISBN: 978-3-7908-1412-5

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