Magyarország mint tõkeexportõr
Hungary as an Exporter of Capital

Summary/Abstract: For almost one and a half decades, one of the many aspects in which Hungary has produced an outstanding performance compared to other countries in the region was that it managed to attract the most international capital per head. However, a new stage is evolving. While capital import remains dominant, capital export has come into the picture in this region, primarily through the representation of certain Hungarian „regional corporations”. Once again, Hungary is taking the lead. According to the author’s calculations, Hungarian capital invested abroad exceeds USD 6 billion. That is as much as one-tenth of foreign direct investments in Hungary. But Inotai says, that looking at several macroeconomic development indicators, Hungary has not reached the level necessary for meaningful export of capital. Therefore, early capital export requires the involvement of more external resources than would be necessary otherwise. The capital outflow has to be replaced, to keep the curent account in balance and sustain a manageable external public debt.

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