ABSTRACT
This chapter deals with Eastern European semi-peripheral dependent development which we put in the broader context of the historical evolution of the capitalist world-system. It focuses on the case of Hungary which had a somewhat specific position both within the Comecon and also in the integration process. The changes in the global economy after the 1970s lead to the evolution of the "new international division of labor" in which divergent industrial developments appear up to now. The chapter also focuses on the intersection of the international division of labor and international finances in the uneven development of capitalism. Hungary in the 1960s followed an economic model of "bridging" the channels of western goods and technologies to the users of ISI throughout the Comecon. As early as the late 1980s most of the Eastern European countries were welcoming those pioneering automotive manufacturers, mostly but not exclusively from Germany, that brought production to their economies.
