2010/01/01 by Károly Szabó, Szabó, Károly
Economics, Econometrics and Finance · Social Sciences · #Ausland #Bankgewerbe #CEFTA #Direktinvestition #Eastern Europe #Elite #Eliteforschung #Energiewirtschaft #Europa #Europe #European Socioeconomic and Political Studies #Hungary #Kapital #Osteuropa #Pfadabhängigkeit #Privatisierung #Russia and Soviet political economy #Social Policy and Reform Studies #Transformation #Umverteilung #Ungarn #Wirtschaftselite #Wirtschaftspolitik #banking #capital #direct investment #economic elite #economic policy #elite #elite research #energy industry #foreign countries #historical analysis #historical social research #historische Analyse #historische Sozialforschung #international comparison #internationaler Vergleich #path dependence #political elite #politische Elite #post-communist society #post-socialist country #postkommunistische Gesellschaft #postsozialistisches Land #privatization #redistribution #social effects #soziale Folgen #transformation
paper · pdf · doi:10.12759/hsr.35.2010.2.13-40
openalex publication_date 2010/01/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
Among the Central-East European transition countries the Hungarian economic trajectory seems to deviate from the others. The high state redistribution resulted in a malfunctioning welfare state. The existing level of state involvement is a consequence of the elite settlements of the early transition period. Privatization involved overwhelmingly foreign capital and avoided 'shock therapy'. Both policies have contingent effects on the existing elite configuration. An exploration of the economic elite identifies different segments with specific interests in state redistribution. The political and the economic elite have both evolved to coexist with a high disparity of incomes and a strong presence of foreign capital accordingly.