The Pareto principle states that a significant proportion of value added is created by investing a fraction of assets, time and resources, which implies that substantial efficiency gains can be achieved with relatively few changes. The Pareto principle is also extremely useful in economic policy, where it focuses on key areas, targeted assets and mobilisable resources.
The world, and Hungary, is at the crossroads of eras. In extreme situations, the role of decisions takes on a new significance. A correct recognition can set the course of development for decades. In the Pareto Workshop, the Magyar Nemzeti Bank is exploring areas where even narrow, focused actions can trigger broad positive effects through spillovers, in line with the Pareto principle. The focus of the Workshop’s analyses and recommendations is on Hungary’s sustainable convergence and the maintenance of stability.
