Could The Irish Miracle Be Repeated in Hungary?

Using case studies and data from Global Entrepreneurship Monitor (GEM), the authors explore how inward FDI impacts indigenous entrepreneurial activity in two countries, Ireland and Hungary. Findings indicate significant differences in entrepreneurial activity between Ireland and Hungary and suggest that enterprise development policies should focus on enhancing knowledge spillovers f rom FDI, increasing human capital and promote occupational choice, and enable the commercialization of new technology.