2010 OECD Economic Surveys: Poland 2010

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OECD's periodic survey of Poland's economy.  This 2010 edition features chapters covering ensuring a balanced recovery, preparing for euro adoption, and making the most of globalisation. It finds that Poland's economic performance in 2009 was strong, given the global downturn and the the risks of a boom in the medium-term are growing.  It recommends that fiscal discipline be restored, the the ground for euro adoption be prepared, and that broad structural reforms are need to benefit more extensively from globalisation.

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Making the most of globalisation

Since its transformation 20 years ago, the Polish economy has become increasingly connected with the international economy. The implementation of market-economy principles and the increasing participation in globalisation have fostered convergence towards higher living standards and have led to a significant shift in sectoral specialisation. Yet according to most globalisation indicators, Poland lags behind other OECD countries in the region. Challenges are widespread to improve Poland’s position in global markets, as reflected by its performance in terms of inflows of foreign direct investment (FDI), benefits reaped from FDI and both volume and technological content of exports. These challenges cover the following areas: the privatisation process; development of transport and telecommunication infrastructures; the business environment; the role of the foreign investment agency (PAIiIZ); the future of Special Economic Zones; human capital; R&D; the role of SMEs; export promotion; and a better allocation of resources via downsized agriculture, enhanced labour mobility, increased competition and financial deepening.

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