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Forming of new elites : the Hungarian case

Bildung neuer Eliten: der Fall Ungarn
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Szabó, Károly

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Abstract "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." (author's abstract)
Keywords economic policy; post-socialist country; historical analysis; redistribution; foreign countries; direct investment; banking; elite; capital; energy industry; political elite; economic elite; elite research; Europe; Eastern Europe; social effects; CEFTA; transformation; historical social research; international comparison; privatization; Hungary; post-communist society; path dependence
Classification Economic and Social Geography; General History
Method empirical; quantitative empirical; historical
Document language English
Publication Year 2010
Page/Pages p. 13-40
Journal Historical Social Research, 35 (2010) 2
ISSN 0172-6404
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works