„Old Era of Globalisation is Over”

Money is accumulating on the East, says Orbán

Montázs
  • 2017.05.15. - 20:59

The Hungarian Prime Minister finished his two-day visit to Beijing and summarised his experiences.

The old model of globalisation is over, ”the East has caught up with the West” and a significant part of the world had enough of being lectured by developed countries about human rights and market economy, Hungarian Prime Minister Viktor Orbán told the public media, summarising his two-day visit to Beijing, where he attended the Belt and Road summit.

According to Mr. Orbán we are at the beginning of a new era, the old model of globalisation lost momentum, when money, profit and technological knowledge was on the West and flowed to the ”poorer, less developed Eastern countries”. This has already changed because technologically Eastern countries are up-to-date and in reality, money is accumulating in the East. 

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