Poland has been exceptionally effective in building its economic position in the last few years – shows a report prepared by Employers of Poland. However, the question of how to compete in the future is repeated more and more frequently.
Employers of Poland also decided to see how Polish economy fares with regards to competitiveness. In order to illustrate the global competitiveness race, the rate at which countries make up ground to the world’s biggest economy – America. GDP per capita in 2000-2013 was used as an index. The results of such a ranking are very favorable for Poland. The pursuit group includes Georgia (5 percent of distance to the US made up per year) and Baltic states – Lithuania (4.7 percent) and Latvia (4.2 percent). Poland had a very respectable result – 2.6 percent the same as South Korea and significantly better than Czech Republic (1.5 percent) and Hungary (1 percent).
Expert of Employers of Poland Damian Olko, author of the report, emphasizes that making up ground to the US took place at a time when Poland was improving its position in economic freedom rankings. What are the potential competitive advantages of Polish companies today?
– In the next few years we may expect further dynamic growth in modern business services – IT, finance, accounting and HR. This is caused by a favourable relation between labour costs and qualifications. In this regard, Poland is far ahead of Greece, Italy, Spain and Portugal – says Damian Olko.
As he stresses, despite improved infrastructure, including investments in ports, it is less likely that dynamic growth would be maintained in transport and logistics.
– The main risk factor is the protectionism of developed EU members, as evidenced by German minimum wage legislation. Apart from that, transport and storage are suffering the consequences of restrictions on trade with Russia – assesses Olko.