Foreign Direct Investments in Poland - Report for the End of 2004 and New Facts

• Authors: Grażyna Kozuń-Cieślak
• Languages of publication: EN

Abstracts

EN

Joining the European Union is regarded as a chance for Poland to improve its economic growth and to catch up the EU-15 wealth level. However, it is necessary to remember that this is going to be a difficult and long-lasting process, where success is possible only on the condition that suitable economic policy is implemented. Such policy should provide stable frameworks to support business development, attract foreign direct investments (FDI), keep the discipline in public finances and assure the right institutional ability and managerial skills to absorb the EU funds. In the study:- FDI inflows to Poland and other new EU member states have been evaluated from the viewpoint of the size of the economy represented by its GDP per capita;- The amount of FDI inward stock in Poland over the years 1993-2004 and its structure from the viewpoint of the investor's country of origin and sector of allocation have been evaluated (data published by PAIiIZ);- The activity of foreign capital in special economic zones (SEZ), entrepreneurship-supporting enclaves in the regions characterised by extremely difficult socio-economic conditions, has been identified;- FDI inflows to Poland in 2005-2007 (data published by NBP) have been presented.According to the estimates, appropriate economic transformation in Poland and keeping a 5% economic growth rate in Poland require approx. USD 10 billion of annual FDI inflow. With regard to those forecasts, the amount of FDI inflow to Poland seems to be insufficient to keep the desired economic growth rate, and the investment incentives in the form of special economic zones do not meet expectations.

Keywords

EN

development; foreign direct investments; special economic zones

• Publisher: Sciendo
• Journal: Folia Oeconomica Stetinensia
• Year: 2008
• Volume: 7
• Issue: 1
• Pages: 63-86

Dates

published

2008-01-01

online

2009-03-09

Contributors

author

Grażyna Kozuń-Cieślak

• Faculty of Economics, Technical University of Radom, 31 Chrobrego Str. 26-600 Radom

References

• Hunya, G. (2000). Recent FDI Trends, Policies and Challenges in SEE Countries in Comparison with other Regions in Transition. The Vienna Institute for International Economic Studies.
• MGiP. (2005). Specjalne strefy ekonomiczne stan na dzień 31 grudnia 2004. Warszawa.
• MGPiPS. (2003). Program promocji gospodarczej Polski do roku 2005. Warszawa.
• NBP. (2007). Direct Investment Flows in Poland in 2007. Warszawa
• NBP. (2007). Informacja o zagranicznych inwestycjach bezpośrednich w 2005 roku. Warszawa
• NBP. (2007). Information on FDI in Poland in 2006.
• Organization for Economic Co-operation and Development. (Reprinted 1999). OECD Benchmark Definition of Foreign Direct Investment. Third Edition.
• Poland's Investment Challenge. (2004). The McKinsey Quarterly. Vol. 3

Identifiers

DOI

10.2478/v10031-008-0028-5