This article deals with the role of Foreign Direct Investment in connection with the globalization process. Two sets of changes are taking place worldwide. First: the increasingly common expectations of investors, managers, and even consumers in countries and regions with widely varied economic and cultural histories as a result of FDI. Second: This change is harder to grasp. It is the reaction to the first change and the religion of uniform global capitalism which is being questioned and challenged. This paper is aimed to provide perspectives on various possibilities and limitations of FDI to serve as the engine of modernisation in the Hungarian economy.
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