Poland - Convergence to Europe : The Challenge of Productivity Growth - Investment Climate Assessment

Improving the investment climate is a key pillar of the World Bank's private sector development strategy. Without a good investment climate, firms and entrepreneurs of all types-from farmers to micro-enterprises to local manufacturing concerns and multinationals-have few opportunities and incentives to invest productively, create jobs, and expand, enter and remain in the formal economy, and thereby contribute to growth and poverty reduction. Growth and private sector development encompass a very broad agenda, but in Poland's case such a challenge boils down to the objective of reducing the convergence time to the standard of living of the European Union (EU)-15 countries. Sound macroeconomic policy, debt sustainability, open trade, security, access to finance, good governance and quality infrastructure services are all key requirements for the private sector to flourish. These conditions need to be complemented by micro-economic reforms-the policies and institutions that support efficient private economic activity-that help to unleash competitive forces leading to increased productivity and competitiveness. The Poland Investment Climate Assessment (ICA) is the first ICA piloted in the World Bank's Europe and Central region in 2004, adding to the stock of knowledge from the many other country reports prepared worldwide. The Poland ICA provides benchmark data to assess firm-level performance in other countries in the Europe and Central Asia region. The report also analyses Poland's strengths and weaknesses in the context of a regional comparison, with the EU-8 countries, which recently joined the European Union, the cohesion countries, and the other EU member countries.

Bibliographic Details

Main Author:	World Bank
Format:	Investment Climate Assessment (ICA) biblioteca
Language:	English
Published:	World Bank 2010-01-01
Subjects:	ACCESS TO BANK, ACCOUNTING, ACCOUNTING PRACTICES, ADVERSE EFFECT, AGRICULTURE, ARBITRATION, ASSET BASE, ASSET SALES, ASSETS, AUDITING, BANK CREDIT, BANKING SECTOR, BANKING SECTOR ASSETS, BANKING SERVICES, BANKING SUPERVISION, BANKRUPTCY, BENCHMARK, BENCHMARK DATA, BENCHMARKING, BONDS, CAPITAL MARKETS, CAPITAL STOCK, COAL, COLLATERAL, COMMERCIAL BANKING, COMMERCIAL BANKS, COMMERCIAL CONTRACTS, COMMERCIAL LOANS, COMPANY LAW, COMPETITIVENESS, CONCEPTUAL FRAMEWORK, CONTRACT ENFORCEMENT, CORPORATE BOND, CORPORATE BOND MARKETS, CORPORATE GOVERNANCE, CREDIBILITY, CREDITOR, CREDITOR RIGHTS, CREDITORS, CURRENCY, CURRENCY DEPRECIATION, CURRENCY DEPRECIATIONS, DEBT, DEVELOPING COUNTRIES, DEVELOPMENT STRATEGY, DISPUTE RESOLUTION, DIVISION OF LABOR, DOMESTIC MARKET, ECONOMIC ACTIVITY, ECONOMIC COOPERATION, ECONOMIC EXPANSION, ECONOMIC GROWTH, ECONOMIC LIFE, ECONOMIC PERFORMANCE, ECONOMIC WELFARE, ECONOMIES IN TRANSITION, EMERGING MARKET, EMERGING MARKET ECONOMIES, EMERGING MARKETS, EMPLOYMENT, ENTERPRISE OWNERSHIP, ENTERPRISE PERFORMANCE, ENTREPRENEURSHIP, ENVIRONMENTAL, EQUIPMENT, EQUITY MARKET, EXCHANGE COMMISSION, EXPENDITURE, EXPORTERS, EXPORTS, EXPROPRIATION, FACTORING, FINANCIAL DEVELOPMENT, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL REGULATION, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL SYSTEM, FIRM PERFORMANCE, FISCAL BURDEN, FISCAL DEFICIT, FISCAL REFORM, FISHING, FIXED COSTS, FIXED INVESTMENT, FOREIGN BANKS, FOREIGN CAPITAL, FOREIGN COMPETITION, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, FOREIGN INVESTORS, FORESTRY, GDP PER CAPITA, GLOBAL ECONOMY, GOVERNANCE ISSUES, GOVERNMENT BUDGET, GOVERNMENT DEBT, GOVERNMENT DEFICIT, GOVERNMENT EXPENDITURES, GOVERNMENT POLICIES, GROSS DOMESTIC PRODUCT, GROSS VALUE, HARD BUDGET CONSTRAINTS, HIGH UNEMPLOYMENT, HOLDING, HUMAN CAPITAL, INCOME, INCOME TAX, INFLATION, INFORMATION TECHNOLOGY, INSTITUTIONAL CAPACITY, INSTRUMENT, INSURANCE, INSURANCE COMPANY, INSURANCE PENSION, INTEREST RATES, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL BANK, INTERNATIONAL STANDARDS, INVESTMENT CLIMATE, INVESTMENT SPENDING, JUDICIAL SYSTEM, KNOWLEDGE ECONOMY, LABOR COSTS, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LABOR PRODUCTIVITY, LABOR STANDARDS, LACK OF COMPETITION, LAND TITLES, LEGAL FRAMEWORK, LEGAL PROTECTION, LEGAL SYSTEM, LEGISLATION, LEGISLATIVE FRAMEWORK, LOAN, MACROECONOMIC INSTABILITY, MACROECONOMIC PERFORMANCE, MACROECONOMIC POLICY, MACROECONOMIC STABILITY, MARKET ECONOMY, MARKET REFORM, MARKET REFORMS, MICRO-ENTERPRISES, MINORITY SHAREHOLDER, MONETARY FUND, MONETARY POLICY, MONOPOLY, MORTGAGE, MUTUAL FUNDS, NATIONAL INCOME, NATIONAL INVESTMENT, NON-PERFORMING LOANS, OPEN ECONOMY, OVERDRAFT FACILITIES, PENSION, PENSION FUND, PENSION FUND ASSET, PER CAPITA INCOME, PERSONAL INCOME, POTENTIAL OUTPUT, PRICE CONTROLS, PRIVATE INVESTMENT, PRIVATIZATION, PRODUCTION FUNCTION, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROFITABILITY, PROPERTY RIGHTS, PROTECTION OF MINORITY SHAREHOLDERS, PUBLIC ENTERPRISES, PUBLIC EXPENDITURES, PUBLIC INVESTMENT, PUBLIC POLICY, PUBLIC SECTOR DEFICIT, PUBLIC SERVICES, PURCHASING POWER, REAL GDP, REGULATORY CAPACITY, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, REGULATORY INFRASTRUCTURE, RETAINED EARNINGS, RETURN, SAVINGS, SECURE PROPERTY RIGHTS, SECURITIES, SECURITIES LAW, SHAREHOLDER, SHAREHOLDER VALUE, SHAREHOLDERS, STATE BANKING, STOCK EXCHANGE, STOCK MARKET, STOCKS, STRATEGIC INVESTORS, SUBSIDIARY, TAX ADMINISTRATION, TAX EXPENDITURES, TAX LAWS, TAX PLANNING, TAX RATE, TAX RATES, TAX REFORMS, TAX SYSTEM, TAXATION, TELECOMMUNICATIONS, TOTAL FACTOR PRODUCTIVITY, TOTAL FACTOR PRODUCTIVITY GROWTH, TRANSITION COUNTRIES, TRANSITION ECONOMIES, TRANSITION ECONOMY, TRANSPARENCY, TRANSPORT, UNEMPLOYMENT, UNEMPLOYMENT RATE, VALUE ADDED, WAGES,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100901001821 http://hdl.handle.net/10986/2892
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