trade

This paper provides the reader with a thorough insight into the bilateral economic relationship between Hungary and Taiwan. Due to the One-China policy Hungary – and most countries in the world – do not have formal diplomatic or political contacts with Taiwan, however Taiwan as an autonomous economic entity seems to be a promising partner for Hungary and other European countries, even though due to the huge geographic distance and to the relative less-known market environment the amounts of trade turnover and investments have still been modest.

The main aim of this study is to analyze the relationship between foreign direct investment and R&D spending using panel co-integration methods for upper middle-income economies and high-income economies. A larger level of investment is needed to increase the capital stock in order to ensure growth, but the typically low savings rate makes this difficult to achieve. Theoretically, it is expected that foreign direct investments would solve the saving inadequacy problem of the target country leading to economic growth by increasing capital accumulation.

Trade with agricultural products in last decades becomes more and more internationalized and globalized. A global trading system is now both freer and fairer than ever before and this will boost global prosperity and can make a significant contribution to the global economic development. Favorable conditions for development of international trade with agricultural products are caused by the trade liberalization, development of trade unions and free trade areas all over the world.