As part of the Hungarian Academy of Sciences’ series “Convergence and the Dynamics of EU Integration in hashtagHungary”, the head of the team, Tamás Sebestyén had a lecture with a particular focus on hashtagreindustrialisation and global value chains (hshtagGVCs).
The presentation addressed two key questions:
1) How has Hungary’s position and role within global value chains evolved under the reindustrialisation strategy? Since 2010, Hungary has pursued a targeted reindustrialisation policy and the talk examined how this reshaped the country’s integration into global value chains.
2) Does GVC position predict economic growth? The second part of the lecture explored whether a country’s GVC position can serve as a predictor of economic growth. Because GVC position reflects an economy’s underlying capability set, a higher value‑chain position can be associated with better economic growth.
