Political economy of illiberal capitalism in Hungary and Poland Cover Image

Politická ekonomie neliberálního kapitalismu v Maďarsku a Polsku
Political economy of illiberal capitalism in Hungary and Poland

Author(s): Jakub Szabó
Subject(s): Economy, Political economy
Published by: Vysoká škola ekonomická v Praze
Keywords: Varieties of illiberal capitalism; neoliberal market economy; developmental market economy; Hungary; Poland

Summary/Abstract: Has the recent illiberal surge altered the neoliberal orthodoxy prevailing in post-1989Hungary and Poland towards a more developmental modus operandi, or has it justcamouflaged embedded neoliberalism with a developmental narrative? This article, tryingto contribute to answering the aforementioned question, is structured as follows. First, weprovide a general overview of the comparative capitalism approach. We extend the originalconceptualizations by the framework of varieties of illiberal capitalism and present twoideal types of illiberal capitalism. Then, we assess five institutional areas of the politicaleconomy of contemporary Hungary and Poland. We conclude that although Hungaryremains faithful to the neoliberal economic orthodoxy so far with illiberal politicalforces merely camouflaging its true essence due to political and utilitarian reasons, thepost-2015 government in Poland managed to move its economic model closer to a moredevelopmental modus operandi.

  • Issue Year: 70/2022
  • Issue No: 5
  • Page Range: 617-637
  • Page Count: 21
  • Language: English
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