Ib Ca.docx

Problems  Poland Focus only on services industry.  Poland has change from communist economy to market based one they have yet to the country of the old bureaucratic socialism roadblocks that have place may years.  Increase Unemployment ratio.  The tax system was complex and archaic, due to that study of world bank put the polish tax system at 151 out of 183 countries as surveyed.  Difficult to do business in Poland

Analysis  1989: Poland elected first democratic government in over 40 years  2004: joined the European Union  1989-2010: Poland achieved highest sustained growth in the region  At the time of financial crisis 2008 and 2009, Poland was the exception whose economy grew by 1.5 percent during 2009.  Moreover, growth rate averaged 3.4 percent per annum the best Europe  This was done by keeping public debt in check, not allowing it to expand during the recession  A tight monetary squeeze in the early 2000s helps Poland to be safe at the time of crisis.  Still Poland faced lots of problem including migrant workers returning western Europe

Solution  Poland expands them in agriculture sector. Poland is a country grounded in agriculture and forestry. Although the sector contributes only 3.5%to the country’s economy, more than 60% of Poland total land area is taken up by farming and 12% of the country workforce is employed in the agriculture sector.  Poland embraces change but fir shorter period time they implement the market based economic rule. Poland was able to keep public dept. but after crisis they didn’t go well because of short term strategy and boundaries for international business.  Unemployment rate in Poland Inc. to 5.80% from 5.70% in 2018. Unemployment rate in Poland averaged 12.85% from 1990 until 2018reaching an all time of 20.70% in 2003 and record low of 0.30in 1990.  Domestic business should have been raised so that the migrant would have got jobs that make the economy employed  Due to complex and archaic tax system the Poland stood at 151 ranks, for this government should interfere and easy effective taxation system to grow the economy  Steps being taken to simplify tax, laws reduce rates and make running a business easier  2009: Entrepreneurship law passed, eliminating some of the hurdle of starting a business  Privatization of state-owned enterprises that accounted for 0.6% of GDP in 2009 and 2.5%of GDP in 2010.

Additional research Poland economic freedom score is 67.8, making its economy the 46 freest in the 2019 index. Its overall score has decrease by 0.7 point, with a plunge in the score for judicial effective not fully offset by improvement in investment freedom and fiscal heath. Poland is ranked 23 among 44 countries in the Europe region and its overall score is below the regional average but above the world average. Poland helped to bring down the soviet union in 1989, joined NATO in 1999and become a member of the European Union in 2004. The conservative and Eurokeptic law and justice party won a parliamentary majority in 2015 and former Minister of finance Mateusz Morawiecki becomes prime minister in 2017. Open market - the combined valued of exports and import is equal to 102.8%of GDP. The average applied tariff rate is 2.0%. Poland implements a number of EU-directed nontariff barriers including technical and products – specific regulation, subsidies and quotes. www.go-poland.pl.recearch.in www.heritage.org