It is a politically stable country and has become a success story in Europe. Handbook of Economic Growth. a regional office, Can be shared globally by unlimited users within the purchasing corporation e.g. This license allows for use of a publication by one person. Technical. PESTEL analysis of Poland (Poland country profile) . Understand the technological landscape in Poland through analysis of relevant laws and policies, as well as patents data. How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? Read the information provided on our bribery and corruption page. Unless a Enterprise License is purchased, a Single User License must be purchased for every person that wishes to use the publication within the same organization. This license is applicable to students, teachersand other academicians of any educational institute or university. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. In terms of labour costs, Poland is still one of the cheapest countries in Europe. 1. The plan will incorporate reforms and public investments in the areas including public finances, healthcare reform, labor market, innovations, qualifications, and development of renewable energy sources. Polands strides in combating corruption in recent years have been through a combination of law enforcement action and political will. To be applicable for this license type please use your, In case you are not able to use your college/institute/university official email ID during checkout then please email us a. Short-term disruption is leading to a new equilibrium in which Russia will have far less economic leverage over Europe. To begin with, Poland has a stable government. This report provides information on Coronavirus (COVID-19) pandemic related policy response of Poland. reportstore@marketline.com Request sent: your sample pages will be with you shortly. More details are given under tab "Report License Types" below. Dont worry we wont send you spam or share your email address with anyone. Print. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. IvyPanda. All orders are processed in US Dollars only. Its results indicate that legal factors are the key for the development of sustainable drainage systems in Poland. Unemployment is further estimated to decrease in 2021 by 23.49% and reach 8.032% of total labor force in Poland. Corruption, fraud and theft do exist, though Poland benefits from a robust Anti-Corruption Bureau and a professional and capable police force. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. Most visitors to Poland experience no difficulties. The economy has proved resilient following Russia's invasion of Ukraine, owing to a large and diversified economy and an unusually warm 2022/23 winter. Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Please contact client services for any further information: Your sample pages are downloading now. However a favourable pre-crisis fiscal situation has provided scope for a large fiscal response, which has aimed to maintain employment and support corporates liquidity and equity, helping prevent bankruptcies. Costing Nature in a Transition Economy: Case Studies in Poland. - How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends? - How does Poland perform in terms of healthcare, income distribution, and education? However, air pollution, waste management, water pollution, poor quality drinking water, emissions, and flooding are some of the environmental challenges facing the country. In the UK, this figure stood at a staggering 9.9%. Prasad, Eswar and Michael Keane. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. New York: Routledge, 2003. Herbener, Sabine. For more insights on this report, download a free report sample, Exhibit 1: Polands performance in terms of its country risk analysis in comparison to East Europe and the World average, Exhibit 2: Performance overview (Score: 1-100), Exhibit 3: Broad categories and weights behind the index, Exhibit 4: Poland stock exchange index WIG index (October 2021 October 2022), Exhibit 5: Key sectors contribution to the economy (2017-24f), Exhibit 6: FDI inflows and outflows (2017-21) and inward FDI stocks by industry (2017-21), Exhibit 7: Cross-border merger and acquisition (M&A) and greenfield investment (2017-21), Exhibit 9: Real GDP and household consumption growth rate (2017-24f), Exhibit 10: Real GDP growth rate comparison (2021), Exhibit 11: Exports, imports and trade balance (2017-2024f), Exhibit 12: Current account balance (2017-24f), Exhibit 13: Top three commodity exports, % of total exports (2018-21), Exhibit 14: Machinery, mechanical appliances, nuclear reactors, boilers, % of worlds total (2021), Exhibit 15: Interest rates (September 2017 September 2022), Exhibit 16: Exchange rate and inflation (2017-24f), Exhibit 18: General government debt (2017-24f), Exhibit 20: Average annual wages (2017-24f), Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025), Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025), Exhibit 24: Gender split (1995, 2005, 2015, 2025), Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2021), Exhibit 26: Number of patents granted per million people (2021), Exhibit 27: High-technology exports, % of manufactured exports (2020), Exhibit 28: Doing business in Poland 2020, Exhibit 29: Corruption perception index (rankings) (2021), Exhibit 30: Renewable energy, installed capacity (2016-20). Likewise, its political stance against migrants from other countries is also a barrier to resolving the problems of labour shortage (Santora, 2019). Since 1990, the countrys economy has been growing exponentially. According to Gordon (23), Poland is one of the best countries to consider for international business. Deck-Partyka, Alicja. Poland's strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. As well, Marie Curie from Poland was the first person to discover radium and polonium. The government also encourages its citizens to be ambitious and innovative. By: We work with our associate Global market research firms who are known leaders in their respective domains to obtain right market research solution for our customers needs, be it custom research or syndicated research reports. Minimum wages were 583.48 euro per month in the third quarter of 2020 which increased to 614.08 euro per month in the first quarter of 2021 which equals to 7368.96 euro per year (Trading Economics, 2021). The country's risk score is in the low-risk nations band. IvyPanda. The economic landscape section outlines the evolution of Poland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment.". Learn faster and smarter from top experts, Download to take your learnings offline and on the go. - How does Poland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment? On the other hand, Poland has a low inflation rate (Aghion and Durlauf 73). This license allows for use of a publication by unlimited users within the purchasing organization e.g. Dont include personal or financial information like your National Insurance number or credit card details. (2020) 'The Poland Economy' PEST Analysis'. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. Visit the Business Anti-Corruption portal providing advice and guidance about corruption in Poland and some basic effective procedures you can establish to protect your company from them. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Poland has developed a network of labour inspectorates. The present report is structured as follows: First, we set the scene regarding 100% decarbonised DHC systems. Political environment and its impact on Poland. A PESTLE (Political, Economic, Social, Technological, Legal and Environmental) analysis is designed to map the external factors that are currently impacting or are . This PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. There are over 50 thousand software companies, and 18 technical universities in the country. We are fully licensed & comply with DEFRA guidance at all times, for the showing of animals Print. Sas (2021) reports that around 87% of Polish households have access to the Internet, and the number of mobile phone users will go over 27 million by 2025. Moreover, the country allocated money to improve access to childcare for children up to the age of three years by creating several new places in nurseries and childrens clubs and establishing a new set of quality standards for childcare, including educational guidelines. Please complete the form below, you will then be provided immediate access to the pages you have requested. You can shop confidently as your online payments are processed using PCI DSS compliant secure payment gateways on our website. There are many techniques that can be used to help identify what information to collect. Please use the form given below to let us know your questions related to this report. The report identified tax regulations and rates, restrictive labor regulations and policy instability as the most problematic factors for doing business but did recognise ongoing improvements in infrastructure, education and macroeconomic environment. I can advise you this service - www.HelpWriting.net Bought essay here. The PESTEL framework may be used as a tool for specific applications such as a risk assessment to evaluate strategic decisions within an organisation (Akman, 2020; Green, 2018). Do not sell or share my personal information, 1. Technological environment is an important issue of discussion in the PESTEL analysis of Poland. What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? Poland is also a leading exporter of processed products, machinery, cars, non-precious metals, furniture, and metal products (Biskupski 49). How does Poland perform in terms of healthcare, income distribution, and education? This PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. Print. However, one of the biggest challenges for the country is how to encourage Polish engineers and IT experts to stay in the country, as many of them go abroad for better opportunities. Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. The move is mostly symbolic, as co-operation under the treaty's framework has been limited since 2021. Peru, officially the Republic of Peru, is a country in western South America. Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. London: Edward Elgar Pub, 2000. Transport, travel and tourism, ICT, insurance and finance, automobiles, electronics, cigars, machinery, rubber, petroleum and textiles are major industries of Poland. Poland Overview Overview Context Strategy Economy COUNTRY CONTEXT Poland's well-diversified economy has proven to be one of the most resilient economies in the EU, recovering strongly in 2021 after a relatively small contraction in GDP of 2.2 percent in 2020. Now customize the name of a clipboard to store your clips. You can read the details below. Discounts available for multiple purchases. Agriculture, energy, manufacturing, and tourism are some of the top industries. It is also a member of NATO, the UN, OECD, European Economic Area, International Energy Agency, Schengen Agreement, and some other prestigious organisations and agreements. See the full A-Z list of all CIPD factsheets . These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. Here is an analysis of the New Look Company through the pestle analysis. You have accepted additional cookies. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers., COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. Bilateral relations between Poland and the UK are strong and have evolved into a strategic partnership in recent years. The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. Activate your 30 day free trialto unlock unlimited reading. 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