ANALYSIS OF LONG-TERM TENDENCIES IN THE WORLD ECONOMY AND HUNGARY*

This study tries to prove the fact, that not the national features are characteristic in the Kondratev cycles. Kondratev cycles are global; they are the cycles of the entire world economy. Economic development realized through introduction of new innovations that means introduction of new products and production-organization methods, opening new markets and finally exploiting new raw materials, therefore we studied the role of basic innovations. The relationship between innovations and long-term cycles has been investigated and the longterm tendencies have been analysed with some empirical results: at first the industrial series then the long waves of plant cultivation. The results of empirical investigations proved the existence of long-term cycles.