The Effects of FDI on the car industry and Motorsports

Hercsik Vince István (2023) The Effects of FDI on the car industry and Motorsports. Külkereskedelmi Kar.

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Absztrakt (kivonat)

<p dir="ltr" style="text-align:left;"></p><div>The 1990s saw a significant increase in the interconnection and close interaction of </div><div>national economies in numerous fields. The cross-border flow of capital, which </div><div>started to pick up steam in earnest in the middle of the 1990s, has been a key </div><div>component of globalization and development. Hungary joined the international </div><div>process after the political change in 1989 and, like other developing and transitioning </div><div>nations, became a destination for foreign direct investment (FDI). </div><div>Hungary has a tiny open economy, therefore it is in its best interests to continue the </div><div>transformation of that economy, since there is only one way for the country to </div><div>proceed after the change in government: integration into the world economy and the </div><div>global system of free markets. This may establish the groundwork for improved </div><div>standards of living and the emergence of a welfare state where people can have </div><div>prosperous lives. Over the past decades, Hungary has managed to attract significant </div><div>foreign capital to the country, with many large multinational companies setting up </div><div>subsidiaries in Hungary, making us capital exporters ourselves. </div><div>The economic literature has conducted extensive research on this novel economic </div><div>phenomenon. This has resulted in a new line of inquiry into the phenomena of foreign </div><div>working capital that has been thoroughly documented, explained, and comprehended. </div><div>Coming to the end of my master's studies, I also considered foreign direct investment </div><div>to be an interesting area of research, as more and more significant multinational </div><div>companies are setting up in our country every year. As I have been a go-kart racer for </div><div>many years as a child, and subsequently became very close to motorsport itself, I also </div><div>studied the sponsorship opportunities of motorsport in my Bachelor thesis. I intend to </div><div>continue my research in other areas, sometimes referring to the earlier study. </div><div>Research mainly relies on secondary sources, but I will also analyze available </div><div>statistical data, examine the activities of some domestic automotive suppliers, and try </div><div>to analyze the relationship between motorsport and the automotive industry. The vast </div><div>majority of Hungarians first think of motor racing and associate it with Formula 1, </div><div>which has been held continuously since 1986 at the Hungaroring circuit near </div><div>Mogyoród. This is no coincidence, as Formula 1 has become an integral part of </div><div>Hungarian sporting history, spreading the sport's popularity in Hungary as the flagship of motorsport. However, in addition to the prestigious international </div><div>tournament, several other international car races are also held in Hungary. </div><div>Over the last decades, the domestic automotive industry has also boomed, with </div><div>several large international companies opening factories within our borders. At the </div><div>same time, the demand for cars has also soared, and while buying a car used to be </div><div>difficult, you can now buy one almost anywhere at any time. </div><div>1.1. </div><div>Research areas </div><div>In this master's thesis, I want to touch on several research areas. First, foreign working </div><div>capital, as stated in the title of the thesis, is defined, mostly based on definitions based </div><div>on literature books. In addition, on the one hand, I think it is important to briefly talk </div><div>about the sport of car racing, and I will also briefly introduce the automotive industry, </div><div>and then I will try to make you feel the close connection between the two areas. As </div><div>the body of the thesis, I present the foreign investments coming to our country, which </div><div>affects the automotive industry and auto racing, and then I compare the Hungarian </div><div>practice with other countries where car manufacturing is really emphasized and auto </div><div>racing also has a long history. Towards the end of the study, I try to predict the future </div><div>of car racing and the automotive industry, based on various studies. </div><div>To prepare the thesis, I formulated some assumptions, which I will try to support or </div><div>refute during the research. </div><div>The assumptions of the research are as follows: </div><div> I assume that the vehicle industry contributes significantly to the Hungarian </div><div>economy. </div><div> I assume that the added value of Hungarian factories is significant in </div><div>international value chains. </div><div> I assume that many developments can be adapted to street cars through auto </div><div>racing. </div><div> I assume that many developments are taking place in the field of car racing to </div><div>make the sport as environmentally friendly as possible. </div><div>The choice of topic was primarily justified by its professional topicality, on the other </div><div>hand, my professional curiosity, as my involvement also motivated me to examine the </div><div>field of motorsport and the automobile industry. Between 2009 and 2012, I was competing as a certified go-kart competitor of the Kálmán Motorsport Racing Team. I </div><div>am proud that as a motorsport lover, can also have a very successful career behind me, </div><div>winning the National Hungarian Go-Kart Championship, and not to mention many </div><div>other race victories in motorsport, which is a very important part of my life to this day</div><br><p></p>

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Gazdaságtan Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdaság és gazdálkodás (angol)

Konzulens(ek)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	analysis, car industry, fdi, investment, Motorsport
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2023. Szep. 07. 14:35
Utolsó módosítás:	2023. Szep. 07. 14:35

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