Jablonska, Danuta --- "The role of foreign direct investment in Poland's enterprise sector reform" [2003] ELECD 122; in Tumpel-Gugerell, Gertrude; Mooslechner, Peter (eds), "Structural Challenges for Europe" (Edward Elgar Publishing, 2003)

Book Title: Structural Challenges for Europe

Editor(s): Tumpel-Gugerell, Gertrude; Mooslechner, Peter

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781843764748

Section: Chapter 22

Section Title: The role of foreign direct investment in Poland's enterprise sector reform

Author(s): Jablonska, Danuta

Number of pages: 7

Extract:

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 ...