Summary: Poland has seen impressive economic growth and is close to reaching the wealth levels of top countries. To boost its economy further, Poland should focus on developing its own drone and missile manufacturing, creating domestic brands, and attracting foreign entrepreneurs. Strengthening ties with East Asian countries like South Korea and Japan can also help Poland grow and diversify its economy.
Poland’s economic rise has been among the world’s most remarkable. In 1991 it was a third as rich as countries like the UK, Japan, or Spain. But after three and a half decades of nearly interrupted growth, it’s almost as rich as those (View Highlight)
Growth creates a momentum all its own — when your country has been defined by rapid growth for decades, the question of how to sustain growth is often at the top of mind. (View Highlight)
The way to create national champions is to create a bunch of companies in an industry and let them fight it out. (View Highlight)
My standard response to these complaints is to get immigrant entrepreneurs. This is how America does it, after all — almost half of the biggest U.S. companies were founded by immigrants or the children of immigrants. (View Highlight)
Immigration selects for entrepreneurial types — it takes a lot of initiative and risk tolerance to get up and move to a foreign land. (View Highlight)
Warsaw is already on its way to becoming the kind of megalopolis that would increase Poland’s mindshare around the world. It just needs to lean into its strengths. (View Highlight)