Stability of Polish Economic Growth in the Light of Middle Income Trap
Stability of Polish Economic Growth in the Light of Middle Income Trap

Summary/Abstract: The catching-up countries, which like Poland in recent years have been included in the group of countries with high per capita incomes, may find it difficult to maintain the current high rate of economic growth. The aim of the article is to define, on the basis of literature related to the Middle Income Trap (MIT) concept, and indicate the factors which contribute to the increase or slowdown of economic growth of Polish economy at the present development state. A comparison of the experience of Poland, Chile and Hungary, which have also recently been included in the group of high income countries, indicates that although in exceptional cases a high rate of economic growth can be based on raw materials exploitation, in the case of Poland, in the face of demographic threats it is necessary to put pressure on increasing the innovativeness of the economy so that it could achieve a better position in the global value chain.

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