Crisis and upgrading: The Case of the Hungarian Automotive and Electronics Sectors

Tölgyessy Péterné Sass, Magdolna and Szalavetz, Andrea (2013) Crisis and upgrading: The Case of the Hungarian Automotive and Electronics Sectors. EUROPE-ASIA STUDIES, 65 (3). pp. 489-507. ISSN 0966-8136

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Abstract

By triggering a wave of organisational restructuring, reconfiguration of supply chains and consolidation of business processes at multinational companies, the crisis offered significant upgrading opportunities for peripheral actors in globalised production networks (the so-called global value chains). Drawing on Hungarian case studies of local subsidiaries in the automotive and electronics industries, this essay investigates the crisis-induced product, process and functional upgrading opportunities in low-cost locations. We show Hungary's high level of integration into global value chains and document the rapidly ongoing process of functional upgrading.

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