Earlier quoted context omitted.
Pierogi, Kielbasa
Sir, this is a hardware store.
What’s a guy gotta do to get a measly upvote
Poland is now among the 20 largest economies
861–870 of 944 posts
Re: Poland is now among the 20 largest economies
#862Earlier quoted context omitted.
The EU is working as intended then. Even without funds distributing EU cash, a common market works as a leveller this way and pulls up the poorer countries, because if you can live work and operate anywhere, people naturally pick the cheapest and easiest places to start a business serving the EU. Spain and Portugal were the previous beneficiaries and everyone benefits really as jobs are created everywhere. This is fa…
I don't understand the number of people here who repeat the official EU elites line. Would you say that The US and Mexico should be forced to implement free movement of people, goods, services and industry with a new North American Union capital in Mexico city? If not, what is the difference? Mind you that Polish workers are the next in line to be screwed if Ukraine joins the EU.
Well not forced no, but if the people of both countries agreed to it, sure why not?
Ever closer union is the official slogan of the EU, this is working as intended.
Re: Poland is now among the 20 largest economies
#863I 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…
Yeah I think this what most miss. FDI is good, great if eventually lead to domestic brand to capture more % of value, like Asian Tigers. I'm not sure if the case in EU, some GDP accounting can grossly conflate actual FDI contribution, i.e. when PRC captured $6 labour for each iphone assembled but it was counting full device cost $100s towards GDP instead of just value add. Same concept as Ireland GDP & corporate tax…
Seems like “if Poland gets too expensive” implies more competition for workers from other companies? Then one company pulling out wouldn’t be so bad.
Re: Poland is now among the 20 largest economies
#864Earlier quoted context omitted.
Thankfully most people have learned from the absolute shambles of Brexit and either of these countries leaving is extremely unlikely.
Have they? https://www.bbc.com/news/live/c1428pev1n0t
I meant people still in the EU have learned, and laughed, and vowed not to make this mistake.
People in the UK, like the US, seem addicted to voting for morons then being surprised when they do the things morons do.
Re: Poland is now among the 20 largest economies
#865Earlier quoted context omitted.
When economy goes K shaped (only ultra rich or ultra poor with no in-between) GDP is good preidictor of how the ultra rich are fairing. For everyone else a roulette wheel is a better measurement.
No economy is K shaped. The vast majority of US income (78%) is earned by people outside the top 1%. It was as high as 90% during the bad economy of the 1970s. Since 1975, real GDP per capita has increased by a factor of 2.8. So the proletariat have 12 percentage points less of a number that’s 2.8 times bigger.
Sure there are. US economy is K shaped. You either become rich or end up poor.
It's economy geared for the rich. Where poor only exist to give rich a confidence boost.
Re: Poland is now among the 20 largest economies
#866Earlier quoted context omitted.
FDI is a legit way of increasing an economy's size and health. The fact that Poland created a safe country for foreign investments is great merit.
yeah it's great if you want to be dependent on US and German political interests
Is that better than being broke and only slightly more sovereign?
Re: Poland is now among the 20 largest economies
#867I 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.
spot on! its growth - economic capital seeking productive human capital
Re: Poland is now among the 20 largest economies
#868Earlier quoted context omitted.
No economy is K shaped. The vast majority of US income (78%) is earned by people outside the top 1%. It was as high as 90% during the bad economy of the 1970s. Since 1975, real GDP per capita has increased by a factor of 2.8. So the proletariat have 12 percentage points less of a number that’s 2.8 times bigger.
Sure there are. US economy is K shaped. You either become rich or end up poor. It's economy geared for the rich. Where poor only exist to give rich a confidence boost.
You: "US economy is K shaped. You either become rich or end up poor."
Reality: "The vast majority of US income (78%) is earned by people outside the top 1%."
Re: Poland is now among the 20 largest economies
#869Earlier quoted context omitted.
Cd Projekt made around 200M$ revenue last year. It's a small company by world standard.
Small, but exemplary, and given the context of the post and arguments, developing exemplary leading companies is a sign that Poland is developing a deep base beyond mere outsourcing, even if there are a small number and they're not huge yet. It's like comparing a 6-year-old soccer player to Lionel Messi - you're looking at early signs of development, and the progress to getting there, not saying Poland is already the…
CD Project is a good video game studio, but is unlikely to become a large company - their revenue has been flat for the last 4 years.
Re: Poland is now among the 20 largest economies
#870Earlier quoted context omitted.
Yep. Looking at Hungary.
Hungary and Poland charts look almost identical https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location... https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
This is about successful use of the EU funds, not GDP or any other metric.