The objective of the paper is to examine whether the advantages and disadvantages mentioned in the literature of the flat rate income tax could be observed in Hungary. Personal income tax data provided by the Hungarian National Tax and Customs Administration was used to check the arguments. It...

The textbook response to deteriorating economic performance is monetary easing, the lowering of official interest rates. When the financial and economic crises hit Europe in 2008, however, monetary policy had very little room in most European countries, as the central bank interest rates were...

The development strategy of most Central and Eastern European countries involves the boosting of foreign direct investments (FDI). Even greater emphases have been put on FDI with the unfolding of the global economic crisis, as the lack of local development resources have become ever more...

The competitiveness of a country, besides the quantity and quality of factors of production, is largely dependent on institutional factors. It is not surprising therefore that the alteration of formal institutions (e.g. laws, measures, policies etc.) is a hot topic nowadays. But it is important...

The aim of this paper is to identify the knowledge elements that are crucial in the internationalisation process of Hungarian firms. It uses a two-dimensional model of business knowledge, which separates business knowledge along two dimensions: the tacit or explicit nature; and the codified or...

The aim of this chapter is to identify the knowledge elements that are crucial in the internationalisation process of the Visegrad Group firms. It uses a two-dimensional model of business knowledge, which separates business knowledge along two dimensions: the tacit or explicit nature; and the...

The chapter offers an institutional approach to the issue of international business competitiveness. It is assumed that the micro-level, business-oriented factors of competitiveness are influenced by macro-level and institutional factors. These institutional factors can be analysed with the FOI...

The aim of this chapter is to describe how the macroeconomic development path taken by the Visegrad countries affects the internationalisation process of their domestic companies. The macroeconomic development paths are derived with the FOI model (focusing on the future, outside and inside...

The FOI model developed by the authors measures the future, outside and inside potential of a country. With the help of the model the OECD countries are evaluated, and four typical clusters are found which can represent four typical development models within the club of developed economies.

The goal of the chapter is to develop an index (Small and Medium-Sized Enterprise Internationalisation Index – SMINI) to measure the degree of internationalisation in the SME sector, and to uncover its most important influencing factors. The index was calculated from a data set obtained from a...