Developing an economy based on knowledge and innovation in the context of the middle income trap Cover Image

Rozwój gospodarki opartej na wiedzy i innowacjach w kontekście pułapki średniego dochodu
Developing an economy based on knowledge and innovation in the context of the middle income trap

Author(s): Paweł Wieczorek
Subject(s): National Economy
Published by: Główny Urząd Statystyczny
Keywords: knowledge-based economy; models of national economies; gross domestic product; GDP

Summary/Abstract: The article is a contribution to the discussion on the necessity to change the current model of economic growth of Poland for model of economy based on knowledge and innovation. In this way, our country will be able to overcome the threats that might push the economy into the trap of the average income, expressed in long-term slowdown in GDP growth. The endogenous growth theory, formed after 1989 and characterized by duplication of Western technology, enabled relatively rapid growth by over 20 years. Currently, Poland to ensure an economic growth is facing the need for innovative technologies and innovation. Risks associated with middle income trap are very real because of the disappearance of comparative advantage, which results from relatively low labor costs.The creation in Poland conditions to accelerate economic growth requires action to increase the propensity of entrepreneurs to reach for new technologies and innovation and attractive market offer from the national centers for research and development.

  • Issue Year: 60/2015
  • Issue No: 10
  • Page Range: 56-74
  • Page Count: 19
  • Language: Polish