Hungary believes the East ahead of the West in terms of finance and technology
The Minister of Foreign Affairs and Trade of Hungary, Peter Szijjarto, said that the East has already overtaken the West in terms of finance and technology, and a break in co-operation between them would be disastrous for the European economy, TASS reports
Mr. Szijjarto said, “The whole structure of the world economy is being transformed, and this great transformation also means that the automatic competitive advantage of the West has disappeared. The Eastern world has significantly strengthened.”
According to him, in terms of finance and technology, the East has overtaken the West. However, in terms of human resources, the countries have always been ahead of the West.
Mr. Szijjarto recalled that the mutual dependence of the West and the East in economic terms has now become much stronger. He warned that anyone who denies this could cause very serious damage to the European economy.
