I live in Poland. This headline is misleading. Poland didn't build a top-20 economy. Western Europe and the US built their economy in Poland, because the labor is educated and cheap. There are almost no globally competitive Polish companies. The "growth" is branch offices of German and American corporations taking advantage of engineers who'll work for 40% of Berlin rates. Remove the foreign-owned sector and you're l…
Allegro is Polish, large and successful, no? But I only know of them because they bought some successful small companies in my country and shut them down to reduce competition, for which they are universally hated around here.
Poland is now among the 20 largest economies
701–710 of 944 posts
Re: Poland is now among the 20 largest economies
#702Earlier quoted context omitted.
Ukraine didn't have Russian troops occupying anything but the leased Crimean bases before the war started (and I do count the start of the war as being immediately after Euromaidan)... Yet in 2013, it was the second poorest country in Europe. (Ahead of Moldova, which has been occupied for decades, but significantly behind Belarus and Bulgaria)
> Ukraine didn't have Russian troops occupying anything but the leased Crimean bases before the war started Do you seriously believe Russians would leave Crimea if Ukrainians didn’t renew the lease?
"It's much like Russia but with no oil or gas" was the better explanation for why it wasn't doing well. It's also why Belarus isn't topping the development indexes.
Re: Poland is now among the 20 largest economies
#703Earlier quoted context omitted.
Yes, this is how European social welfare works. And it is fantastic! Because the entirety of the EU is benefitting from it. Polish people have larger spending power, interesting and safe places to visit, etc. This is not a "present" given to Poland. This is ensuring a better life for all Europeans.
In the 1980s, EU money was flowing to Spain, Portugal and Greece. And people complained about that too. But the result is inarguably positive. Those countries had only recently become democracies after decades of military dictatorships or otherwise unstable third-world style governments. Today they're the most dynamic economies in the EU in many respects, and their democracies are well established and functioning. Th…
Re: Poland is now among the 20 largest economies
#704Years ago I bought some really nice brushless motors and was surprised to see they were made in Poland. I had no idea they were manufacturers of things like that. Later I bought even nicer motors, meant to provide exceptional control and feedback for tactile/haptic behaviours, and they were from Poland too. Then I got to work on a robotic arm which contained a bunch of components from Poland. At this point it was cle…
I bought furniture, and i was surprised it came from poland actually. The website was something like a polish ikea. Btw great furniture, it’s still in my living room many years after, pretty much still pristine.
Re: Poland is now among the 20 largest economies
#705Earlier quoted context omitted.
Brazil also famously avoided the 2008-09 recession to a great extent, to name one example. Tight global integration is not a bad thing. Even if we took at face value your argument that a strong domestic market protected Poland in that case, you can't cherry pick the one instance in which lower-than-expected integration was beneficial without also considering all the other times in which it was harmful.
But this was largely the particular cause in this case... The strong domestic market insulated the economy from international economic shocks.
Re: Poland is now among the 20 largest economies
#706I love the polish, but credit where credit is due: „Poland is the largest beneficiary of EU funds 2014-2020, with one in four euro going to Poland“ https://www.gov.pl/web/funds-regional-policy/poland-at-the-f... Update: The comments below this are strange. I ment: „Poland gets money, Poland transforms it into more money”. Is Poland more efficient in it than other countries? I do not know. Would Poland have generated…
It is not true for the entire EU budget: the 2014–2020 MFF allowed up to €959.99bn in commitments, so Poland’s €77.6bn cohesion allocation was about 8.1% of the whole EU long-term budget.
For context this is like 0.7% of yearly German overall public expenditure go to Poland. And this money per year is also like 5% of state budget spending.
a big share of this money goes back to foreign companies in form of sales and contracts.
Re: Poland is now among the 20 largest economies
#707Re: Poland is now among the 20 largest economies
#708Re: Poland is now among the 20 largest economies
#709The story is longer: Poland was the first country to make a remarkable peaceful transition from a bankrupt, failed Soviet satellite state. The shock therapy, plus NATO and EU aspirations, paved the way. It is a story of a country that made a lot of the right decisions along the way. Managed to keep consistent high growth, not a pony trick or boom/bust mode. Poland should be a role model for many other countries. Reco…
It is true of course that they were the most persistent and brave. I don't think it would have been possible in East Germany for example, which ran a tighter regime until Poland managed the peaceful revolution.
Re: Poland is now among the 20 largest economies
#710I live in Poland. This headline is misleading. Poland didn't build a top-20 economy. Western Europe and the US built their economy in Poland, because the labor is educated and cheap. There are almost no globally competitive Polish companies. The "growth" is branch offices of German and American corporations taking advantage of engineers who'll work for 40% of Berlin rates. Remove the foreign-owned sector and you're l…