Rapid technological advances in information and communication technologies and their widespread diffusion have led some to speculate about "frictionless" economies where transaction costs are nearly zero, barriers to entry and contestability disappear and markets clear instantly.

In accordance with decisions made by the FDI, the OECD has initiated surveys on fiscal decentralisation for the purpose of providing international comparisons on the design of fiscal systems across levels of government. The FDI is a joint initiative of the OECD, the World Bank, USAID, the...

OECD's territorial review of Hungary. It finds that ater a period of decline Hungary has returned on a satisfactory growth track. However, benefit and cost have not been evenly distributed during the transition. This report points to the persisting disparities between the West and the East, the...

This report assesses the current status of Hungary’s innovation system and policies, and identifies where and how the government should focus its efforts to improve the country's innovation capabilities. The report finds that the level of innovation activity and performance in Hungary has...