Poland must shift from low-cost advantages to innovation and technology for long-term economic competitiveness.
Poland’s economic growth has historically relied on low labor costs and access to EU markets. However, as wages and living standards rise, these advantages diminish. To sustain growth, the country must pivot towards high-value industries, innovation, and exploring non-EU markets.
Key Challenges and Recommendations
The Bank Pekao report highlights limited financial infrastructure, such as underdeveloped venture capital, as a barrier. Strengthening local capital resources, fostering technological advances, and improving brand recognition are vital for enhancing competitiveness.
Poland’s future lies in innovation-driven growth and deeper financial market development.