Civic Review· VOL 17. Special Issue, 2021, 383–399., DOI: 10.24307/psz.2021.0026
Geographically situated in the Global South as the geological extension of the Afro-Eurasian land mass, Africa is centrally situated at the very intersection of global strategic dynamics. Based on this special political and economic position, Africa is re-defining its partnership with various regions of the world, including Central Eastern Europe. These countries played an important role during the African anti-colonial struggles and their early years of nation-formation in the development of the African human capital. Hungary as member of the European Union prides itself with its extensive experience in agriculture, education, science, technology and innovation, it will actively participate in reshaping relations with the countries of the continent. This paper attempts to analyze the current government policy for Hungarian involvement in Africa, with a fuller insight into the foreign economic relations as the most dynamic and thriving framework of cooperation. Finally, it touches upon issues of various trade and investment related financial instruments, and best practice methods of intervention as key elements of a successful long-term strategic Hungarian policy towards Africa.
Journal of Economic Literature (JEL) codes: F35, F53, G18
Keywords: Sub-Saharan region, diplomacy, foreign economy, scholarship program, knowledge transfer, Southern Opening, development policy, international development financing, trade development, migration