Tamás Földi, ed. World Economic Environment and the Hungarian Economy, Special Volume of Acta Oeconomica.The management of Hungarian industry attentively watches the trends of western industrial development, but experience shows that the foreign tendencies of development only influence the ideals visualized by Hungarian industrial policy, not its practice. As well as reviewing some tendencies appearing in the technological policies of advanced countries, this paper attempts to analyze whether or not the ideals of development influenced by western examples are tailored for, and should be followed by, Hungary. The author arrives at the conclusion that not only is the practice of Hungarian industrial policy untenable, but also its ideals for development are inadequate.