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How Did the Automotive Component Suppliers Cope with the Economic Crisis in Hungary?

Abstract : This article studies the reaction of automotive component suppliers in Hungary to the 2008–2009 economic crisis. We find that the global suppliers viewed the crisis as an opportunity to reinforce the competitiveness of their Hungarian affiliates by engaging in product and process upgrading, and upgrading through research and development. The regional suppliers combined defensive strategies aimed at reducing costs with offensive measures in the form of product upgrading, production upgrading and expansion into new markets. The local suppliers reduced costs and reduced their workforce, but also reacted offensively by expanding into new markets, upgrading their activity and collaborating with other local suppliers.
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https://hal.univ-lorraine.fr/hal-01743538
Contributor : Séverine Baldasso <>
Submitted on : Monday, March 26, 2018 - 2:56:52 PM
Last modification on : Tuesday, March 17, 2020 - 3:29:58 AM

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Eric Rugraff, Magdolna Sass. How Did the Automotive Component Suppliers Cope with the Economic Crisis in Hungary?. Europe-Asia Studies, Taylor & Francis (Routledge), 2016, 68(6), pp.1396-1420. ⟨10.1080/09668136.2016.1221062⟩. ⟨hal-01743538⟩

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