Külgazdaság Vol. 1-2/2021

Digital transformation and new actors in manufacturing value chains


The point of departure of this paper is the old new phenomenon of industry convergence, being intensified by digital transformation. Zooming in on manufacturing value chains it highlights that one manifestation of industry convergence is the multiplication of participants, originating in non-manufacturing sectors. The paper explores the specific features of digital technologies and firms’ digital transformation strategies that enhance the number and increase the importance of cross-sectoral transactions and drive industry convergence. Journal of Economic Literature (JEL) codes: L23, L60, O33

Dispute with the EU critique of an extreme leftist


Perry Anderson in three major studies maintains that the European Union is an antidemocratic, neoliberal construction that attacks national sovereignty and exploit the poor member countries and support the dominance of a narrow oligarchy. He concludes that the European Union has to be destroyed. This article discusses Anderson’s main arguments, questions the real existence of national sovereignty, especially in case of smaller countries, and proves either the mistakes or the superficiality of the critiques. Journal of Economic Literature (JEL) codes: F15, F60

Can post-crisis financial regulation become more robust in the years of national implementations?


Constant and recurring elements of the discourses related to financial regulatory reforms in recent years are the concerns about the complexity of regulation, that could lead to regulatory fatigue. Elementary changes in the financial sector depend however on the success of national implementations. The examination of the issue of complexity in financial regulation is therefore topical and necessary. The paper takes a look at the theoretical approaches along which the harmfulness or necessity of complexity can be judged also in different regulatory constellations. Furthermore it presents the concept of a robust financial regulation that can contribute to minimize

unexpected complexity through fine-tuning financial regulation and could also be an appropriate response to the fundamental complexity that characterises the system. Journal of Economic Literature (JEL) codes: G01, G20, G21, G28, G31, G32, G33, H12

Posted in Egyéb