611–620 of 944 posts
the EU funds argument works both ways. plenty of countries received similar transfers and didn't compound it the same way. the interesting question isn't where the money came from, it's what Poland did with it that others didn't.
Yep. Looking at Hungary.
https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
Earlier quoted context omitted.
foreign dollars and euros being spent in the country definitely counts as growth no matter how you slice it and regardless whether you like it or not.
It is local resources extracted, not foreign spent.
Earlier quoted context omitted.
foreign dollars and euros being spent in the country definitely counts as growth no matter how you slice it and regardless whether you like it or not.
It is local resources extracted, not foreign spent.
before Brexit - a decent number of polish people in the UK doing all types of work. after Brexit - noticed polish engineers didn't want to be in the UK
Tbf, SWE salaries are constant across much of Europe, so anyone who is working in CEE feels less of a pull to work in London as a line-level engineer for roughly the same salary as they'd get in Warsaw. Funnily enough, even Bangalore salaries [0] are catching up to Italy [1] and Romania [2]. As a founder, it's a different story though - London is hard to beat from an entrepreneurship and capital access standpoint asi…
> [1] - https://www.levels.fyi/t/software-engineer/locations/italy
> [2] - https://www.levels.fyi/t/software-engineer/locations/romania
Both Italy and Romania are at the lower end of salaries though.
Compare to say
Finland https://www.levels.fyi/t/software-engineer/locations/finland (almost twice)
Denmark https://www.levels.fyi/t/software-engineer/locations/denmark (more than twice)
Germany https://www.levels.fyi/t/software-engineer/locations/germany (around twice)
Switzerland https://www.levels.fyi/t/software-engineer/locations/switzer... (more than three times, although this is an outlier)
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…
Yes, for the benefit of their stock markets and at the expense of their own populations.
A rising tide lifts all luxury yachts.
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…
foreign dollars and euros being spent in the country definitely counts as growth no matter how you slice it and regardless whether you like it or not.
Earlier quoted context omitted.
>> Poland was the first country to make a remarkable peaceful transition from a bankrupt, failed Soviet satellite state. In what sense? Czechia is richer per capita. Almost all of the former Soviet satellite states in eastern Europe have had largely peaceful (since 1991) sustained economic growth. The exceptions are exactly those countries which continue to have Russian troops occupying portions, namely Belarus, Ukra…
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)
The 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…
Notably, only five years have passed between last Russian solders leaving Poland and the country joining NATO. Quite a speedrun.
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You haven’t seen that much of the US if your only impression of small towns and rural areas is rundown and poor. There are some vibrant and beautiful towns scattered throughout “flyover country”. Plenty that are decrepit too, but rural America is not a monolith.
> There are some vibrant and beautiful towns scattered throughout “flyover country”. In my experience, these places tend to be where rich people from cities own vacation property or can commute to a city for work. An example in Minnesota is the Brainerd Lakes area, which subsists almost entirely on people from the Twin Cities visiting their lake cabins from May to September. There are some nice small towns and plenty…
The hospitals are closing because there arent enough medical schools in the US so there is a doctor shortage and since doctors are highly educated the vast majority of them prefer urban living. Most rural hospitals have to pay around double to convince doctors to work there compared to urban hospitals.