Internationalization of the Polish Economy and its Susceptibility to the Global Crisis After 2007

• Main Author: Napiórkowski1 Tomasz M.
• Format: Article
• Language: English
• Published: Sciendo 2014-10-01
• Series: International Journal of Management and Economics
• Subjects: poland; openness; economic crisis 2007
• Online Access: https://doi.org/10.2478/ijme-2014-0011

The aim of this research is to look at how the recent economic crisis, which was so strong that its consequences are still apparent nearly six years later, impacted Poland, which has been resilient to it compared with other economies, and what role was played by Poland's internationalization or its openness. The approach involves a detailed analysis of not only such staple macroeconomic variables as gross domestic product and changes in the trade structure but also of such openness factors as shifs in inward foreign direct investment across industries and the changes (for example, employment and productivity) seen in multinational firms present in Poland. The main finding is that the openness of the Polish economy allowed it to rake in various benefits after 2007 while not being too exposed to the international arena (for example, membership in the euro zone). Thus, Poland showed a positive balance relating to the impacts on the Polish economy emerging from the crisis.