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State Capture and the Hungarian Residency Bond Program 2012–2017
from Part III - Case Studies and Implications
Published online by Cambridge University Press: 06 April 2023
This chapter explores what can go wrong with investment migration. A program can actually be designed to promote the enrichment only of a circle of close associates of those in power. I unpack how this worked in the case in otherwise ‘anti-migration’ state of Hungary to show that generating FDI is of little help if investment migration, as practiced in a given jurisdiction, promotes international impunity by distributing citizenships to questionable individuals or aiding money laundering.
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