Poland facing development challenges
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Abstract
The main threat to the economic development of Poland is the danger of overlapping of two processes – the decline in the growth of the working age population and the outflow of young, talented and educated people to richer countries. Therefore, the most important goal of the economic policy should be rapid making up the gap to the average EU level. This can be impeded by the current state of public finances, due to high level of debt. Moreo-ver, there are also other factors, which under certain conditions, may lead to a cumulative negative effect, which in turn would threaten the financial stability of the budget. At the same time, the bases of competitiveness of the economy gradually expire, which requires transition to the competition of a qualitative nature. According to the Author, an oppor-tunity to avoid the threat is to use the global market more extensively. He suggests public innovation in a form of the so-called smart company incubators.
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