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ID: 120671

Crisis and upgrading: the case of the Hungarian automotive and electronics sectors / Sass, Magdolna; Szalavetz, Andrea

Sass, Magdolna	Journal Article
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2013.

Summary/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.

Key Words

Hungary ; Upgrading ; Electronics Sectors ; Hungarian Automotive

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ID: 148400

How did the automotive component suppliers cope with the economic crisis in hungary? / Sass, Magdolna; Rugraff, Eric

Sass, Magdolna	Journal Article
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Summary/Abstract

This article studies the reaction of automotive component suppliers in Hungary to the 2008–2009 economic crisis. We find that the global suppliers viewed the crisis as an opportunity to reinforce the competitiveness of their Hungarian affiliates by engaging in product and process upgrading, and upgrading through research and development. The regional suppliers combined defensive strategies aimed at reducing costs with offensive measures in the form of product upgrading, production upgrading and expansion into new markets. The local suppliers reduced costs and reduced their workforce, but also reacted offensively by expanding into new markets, upgrading their activity and collaborating with other local suppliers.

Key Words

Economic Crisis ; Hungary ; Automotive Component Suppliers

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