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18 - Investment Migration and Corruption

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

By
Boldizsár Nagy
Edited by
Dimitry Vladimirovich Kochenov  and
Kristin Surak
Dimitry Vladimirovich Kochenov
Affiliation:
Central European University in Budapest and Vienna
Kristin Surak
Affiliation:
London School of Economics and Political Science
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Summary

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.

Keywords

investment residenceHungaryrule of lawcorruptionmigrationracismautocracy
Type
Chapter
Information
Citizenship and Residence Sales
Rethinking the Boundaries of Belonging
 , pp. 465 - 484
Publisher: Cambridge University Press
Print publication year: 2023

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