Dynamics of the privatization’s and restructuring’s processes of the Рolish economy on the example of Podcarpatian’s region

• Main Author: Janusz Strojny
• Format: Article
• Language: English
• Published: Publishing House "Grani" 2020-02-01
• Series: Granì
• Subjects: privatization; restructuring; structural changes; regional market; privatization plan; property transformation; labor market
• Online Access: https://grani.org.ua/index.php/journal/article/view/1469

In 2008–2011, the Council of Ministers of Poland adopted the Privatization Plan of 802 companies, which became a significant stage in the process of property transformation in the country. Privatized enterprises gained more independence, quickly adapting to market changes. The separation and privatization of large companies enhances competitiveness and hinders the political struggle for the management of state property. The refusal to subsidize unprofitable state enterprises can reduce budget spending.On the other hand, privatization has led to mass layoffs of workers, many companies seek to use privatization as a process of speculative enrichment, not caring that people can find alternative jobs on similar financial conditions and near their place of residence. Poland is one of the countries that could potentially attract more and more foreign investment. Increasingly, wealthy foreign corporations win tenders, which poses a threat to domestic producers. The Subcarpathian Voivodeship is in a difficult economic situation due to its peripheral geographical position. Despite the difficult situation on the labor market and in the economy of Subcarpathia, respondents do not see a chance to improve living standards due to dynamic privatization and restructuring. The paper was inspired by the results of empirical studies conducted in the Subcarpathian Voivodeship, which indicated a cool attitude of respondents to the processes of restructuring and privatization. The article identifies potential areas of economic activity that may contribute to raising economic standards in the regional market. The author considers it appropriate to strengthen state control over privatized enterprises in order to more effectively use the existing potential for the economic development of the Subcarpathian region and eliminate its economic backwardness.