NIRA's World Directory of Think Tanks
Institute for World Economics (IWE), Hungarian Academy of Sciences 2005f
Orszaghaz u. 30 Budapest 1014, Hungary
tel:36-1 224 6760 fax:36-1 224 6761/6765/6769

Organizational Status: Independent institute, founded in 1965.

General Description: IWE's predecessor was the Afro-Asian Research Center of the Hungarian Academy of Sciences, which conducted research on developing countries. IWE has extended these research activities to cover the entire global economy. IWE's priority areas of research in recent years are (1) global economic development and transformation (growth and globalization, sustainable development, international capital and labor markets, and the role of transnational companies); (2) economic developments in Europe, with special attention paid to the EU and its eastern enlargement (development paths and modernization and key integration processes); (3) economic transformation in Central Europe and Eastern Europe (changing pattern of the East-West division of labor, impact of foreign direct investment, and regional cooperation); and (4) new economic developments and regional cooperation in the Asia-Pacific region (lessons drawn from the Far Eastern economic development, Japan's transformation rather than crisis, the Chinese Diaspora and the possibilities for a "Chinese Common Market," and ASEM). Other key research areas include the impact of socio-economic values on development patterns; possible development scenarios in Latin America; micro-level adjustment and cooperation; the role of infrastructure and services in the modernization process; the main factors of international competitiveness; and sector-specific studies.

Annual Budget: USD 1.6 million (2003)

Staff: 49 (31 research, 18 administrative/support)

Executive Officers:
Prof. INOTAI, Andras (Director General)

(As of November, 2004)

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