Chapter 22: The role of foreign direct investment in Poland's enterprise sector reform
22. The role of foreign direct investment in Poland’s enterprise sector reform - ´ Danuta Jablon ska The history of foreign direct investment (FDI) ﬂows to Poland since the early 1990s is a record of success. The political and economic system reforms, as well as transformations in Poland’s legislation, including ﬁrst and foremost a harmonization with the European Union acquis, resulted in the emergence of a strong free market economy, exhibiting its growing ability to compete with other European economies. Owing to its accession to the OECD in 1996 and the prospective membership in the European Union, Poland has become one of the most attractive European economies. This fact has been reﬂected in FDI growth in Poland. With an FDI volume of USD 46.5 billion, Poland accounted for almost one-third of the total sum of USD 160 billion invested in the Central and Eastern Europe by the end of 2001. However, it takes only ﬁfth position as regards the FDI per capita level, after the Czech Republic, Hungary, Estonia and Slovenia. By way of comparison, FDI per capita in the Czech Republic and Hungary is almost twice as high as in Poland. Also much higher is the FDI share in gross ﬁxed assets expenditures in these two countries. As at the end of the 1990s, these expenditures accounted for 33.2 per cent in Hungary, 26.1 per cent in the Czech Republic and 15.1 per cent in Poland. This indicates that Poland’s economy has a large potential as regards the absorption...
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