Economic and Social Policies in Austria from the Perspective of Hungary, 1945-2020

The present study examines the question how the Austrian experience made and continues to make an impact on the economic “catch-up” policies of Hungary and other neighboring states. The author gives special attention to the social-economic transformation of Austria leading to EU-membership and advanced R&D policies, then presents the conceptions of Hungarian economists and commentators on reaching the economic standards of Austria. He also discusses the parallel experiences of Finland.