The Polish Economy and Inward Investment (Essay Sample)
Among factors contributing to increased inward investment in Poland are political and economic stability, attractive tax subsidies and exemptions, lower corporate tax rates, a broad market area, and skilled workers.
Among factors contributing to increased inward investment in Poland are political and economic stability, attractive tax subsidies and exemptions, lower corporate tax rates, a broad market area, and skilled workers.
The Polish Economy and Inward Investment
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The Polish Economy and Inward Investment
Inward investment refers to money injected into a country by foreign investors or companies by purchasing capital goods or services. According to Cieślik (2020), foreign direct investment forms an integral part of an open and effective market system since it expedites economic growth and development. Among factors contributing to increased inward investment in Poland are political and economic stability, attractive tax subsidies and exemptions, lower corporate tax rates, a broad market area, and skilled workers.
Poland is a politically stable nation devoid of politically driven violence, belligerent neighbors, or insurgent organizations, providing a peaceful environment for foreigners. Since the onset of the Russian invasion, the Polish government has welcomed more than 2.3 million Ukrainian refugees, granting them temporary residence and access to basic human needs (The World Bank, 2022). With a stable and diversified economy augmented by the automotive, electronic, chemical, and research and development sectors. Poland provides a competitive edge for foreign investors. The Polish government provides entrepreneurs financial and investment incentives, such as reduced corporate taxes and tax exemptions in special economic zones (Cieślik, 2020). As an EU member and its proximity to major markets like Germany, Poland offers investors easy access to a global
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