THE POLITICS OF HUNGARIAN SOVEREIGHTY

The article analyzes main aspects of V. Orban's policy of strengthening Hungarian economic sovereignty. The Hungarian leadership had to find out balanced and reasonable approach to tackle the world economic crisis. Hungarian ballot package included reform of economic regulation on a state'...

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Autor principal:	L. A. Yurasova
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2016
Materias:	unorthodox economic policy economic sovereignty openness to the east v. orban International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/46ec08ca1ae04370b7d1feac0cb78649
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spelling	oai:doaj.org-article:46ec08ca1ae04370b7d1feac0cb786492021-11-23T14:51:02ZTHE POLITICS OF HUNGARIAN SOVEREIGHTY2071-81602541-909910.24833/2071-8160-2016-4-49-99-116https://doaj.org/article/46ec08ca1ae04370b7d1feac0cb786492016-08-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/599https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article analyzes main aspects of V. Orban's policy of strengthening Hungarian economic sovereignty. The Hungarian leadership had to find out balanced and reasonable approach to tackle the world economic crisis. Hungarian ballot package included reform of economic regulation on a state's level, taking moderate protectionist measures and foreign trade diversification. V. Orban's government succeeded in constitutional reform that allowed to consolidate power to deliver coherent economic policy and to harmonize separation of powers with that goal to be reached. Moreover, transferring of economic regulation to constitutional level lead to stabilization of monetary sphere. V. Orban's government enhanced state sector of economy in vulnerable areas, rose taxation on large business and shrank loans' burden of citizens in order to maintain positive economic growth. This measures ensured potential to advance further inside demand rates and to galvanize market capacity. Finally, V. Orban announced "openness to the East" policy aimed at diversifying foreign trade of Hungary. The main focus of the policy was trade with China and Russia. However, supranational authorities of European Union objected this policy goals on the grounds of economic and political consideration. But Hungarian leadership advocated its policy in a very tough way, which is a good example of self-reliance and pragmatism for the future of Europe.L. A. YurasovaMGIMO University Pressarticleunorthodox economic policyeconomic sovereigntyopenness to the eastv. orbanInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 4(49), Pp 99-116 (2016)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	unorthodox economic policy economic sovereignty openness to the east v. orban International relations JZ2-6530
spellingShingle	unorthodox economic policy economic sovereignty openness to the east v. orban International relations JZ2-6530 L. A. Yurasova THE POLITICS OF HUNGARIAN SOVEREIGHTY
description	The article analyzes main aspects of V. Orban's policy of strengthening Hungarian economic sovereignty. The Hungarian leadership had to find out balanced and reasonable approach to tackle the world economic crisis. Hungarian ballot package included reform of economic regulation on a state's level, taking moderate protectionist measures and foreign trade diversification. V. Orban's government succeeded in constitutional reform that allowed to consolidate power to deliver coherent economic policy and to harmonize separation of powers with that goal to be reached. Moreover, transferring of economic regulation to constitutional level lead to stabilization of monetary sphere. V. Orban's government enhanced state sector of economy in vulnerable areas, rose taxation on large business and shrank loans' burden of citizens in order to maintain positive economic growth. This measures ensured potential to advance further inside demand rates and to galvanize market capacity. Finally, V. Orban announced "openness to the East" policy aimed at diversifying foreign trade of Hungary. The main focus of the policy was trade with China and Russia. However, supranational authorities of European Union objected this policy goals on the grounds of economic and political consideration. But Hungarian leadership advocated its policy in a very tough way, which is a good example of self-reliance and pragmatism for the future of Europe.
format	article
author	L. A. Yurasova
author_facet	L. A. Yurasova
author_sort	L. A. Yurasova
title	THE POLITICS OF HUNGARIAN SOVEREIGHTY
title_short	THE POLITICS OF HUNGARIAN SOVEREIGHTY
title_full	THE POLITICS OF HUNGARIAN SOVEREIGHTY
title_fullStr	THE POLITICS OF HUNGARIAN SOVEREIGHTY
title_full_unstemmed	THE POLITICS OF HUNGARIAN SOVEREIGHTY
title_sort	politics of hungarian sovereighty
publisher	MGIMO University Press
publishDate	2016
url	https://doaj.org/article/46ec08ca1ae04370b7d1feac0cb78649
work_keys_str_mv	AT layurasova thepoliticsofhungariansovereighty AT layurasova politicsofhungariansovereighty
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THE POLITICS OF HUNGARIAN SOVEREIGHTY

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