Hungarian Conservative

Another, earlier-than-ever date has emerged regarding the completion of the Hungarian section of the Budapest–Belgrade railway line. As before, the source of the information on the new date is the Serbian President.

The transformation of global supply chains has accentuated the importance of the Budapest–Belgrade railway. As a result, the Belt and Road Initiative (BRI) may become profitable not in the widely reported 979 years, but in only a few years. If the project lives up to expectations, it will not only prove the success of Hungary‘s Opening to the East policy and connectivity goals, but will also position Hungary as a preferable investment destination.

There is a slowdown in global growth. The economies of a once highly globalized world are drifting apart. The EMU economy is being hit particularly hard. The recession is coming and, according to projections, the EMU will soon enter stagflation, the worst of economic states.

This article aims to outline the nature and role of global supply chains in economic globalization, and to highlight the underlying roots of and reasons for the new trend towards realignment.