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REGIONAL COOPERATION AND ECONOMIC INTEGRATION

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<strong>REGIONAL</strong> TRADE AGREEMENTS <strong>AND</strong> <strong>REGIONAL</strong> <strong>COOPERATION</strong><br />

5.<br />

to the top of the middle range, otherwise there is a grave danger that the lower<br />

relative performance that can be achieved by a lower position in the hierarchy<br />

rates the country lower and lower. The main risk of this is not a lower position<br />

but the narrowing of future perspectives. The situation drawn by the survey about<br />

the countries shows a basic similarity to the world wide position which is called<br />

latent state of development by literature (Kozma, 2004): ready to catch up,<br />

rich and efficient human assets, which operate with a limited performance<br />

under relatively weaker financial and technical conditions but have future<br />

potential. The current situation can be described with the specialist terminology<br />

of “underperforming latent development”.<br />

It is valid for all countries that the Post-Lisbon Strategy can only offer a balanced<br />

development in a complex approach to sustainability, by way of strengthening<br />

the elements of social and environmental sustainability, thus increasing the<br />

utilisation of human assets, thus creating the foundations of an innovative and<br />

better performing economic development.<br />

REFERENCES<br />

Adamecz et al., Belyó P. (ed.) (2008), Magyarország gazdasági-társadalmi fejlettségének<br />

megítélése nemzetközi rangsorok alapján. Betekintés a legismertebb ország-rangsorok<br />

módszertanába [Evaluating Hungay’s economic-social development by international<br />

rankings. An introduction to the methodology of the most famous country rankings],<br />

ECOSTAT, Budapest<br />

Bandura, R. (2005) Measuring country performance and state behaviour: a survey of<br />

composite indices, New York, UNDP<br />

Environmental Sustainability Index. Yale and Columbia Universities (http://sedac.ciesin.<br />

columbia.edu/es/esi/)<br />

European Commission (2007) Raising productivity growth: key messages from the<br />

European Competitiveness Report 2007<br />

Gáspár T (2008) A stratégiaalkotás új módszertani kihívásai [The new methodological<br />

challenges to strategy making] A Gazdaságelemzés Módszerei. I, ECOSTAT<br />

Gáspár T (2008a) Az eredmények együttes értékelése [The overall evaluation of<br />

the results] In Magyarország gazdasági-társadalmi fejlettségének megítélése<br />

nemzetközi rangsorok alapján [Evaluating Hungay’s economic-social development<br />

by international rankings] An introduction to the methodology of the most famous<br />

country rankings] (Adamecz ..Zádor et al., ed. Pál Belyó) (2008) ECOSTAT, Budapest,<br />

91-105 p.<br />

Kozma F. (2004) A legnagyobb kincs – még egyszer a latens fejlettségről [The most<br />

precious – one more on latent state of development] Társadalom és Gazdaság, 1.<br />

Szabó L. (2007) A fenntartható fejlődés jellemzői, [The characteristics of sustainable<br />

development] ECOSTAT Időszaki közlemények XXVII, September<br />

The Heritage Foundation: Index of Economic Freedom 2008. (http://www.heritage.org/<br />

index)<br />

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