Will Poland benefit after changes in world economy?



Director of the Polish Economic Institute talks about the incoming changes in the world economy. He explains how Poland can benefit from them.



In his interview with radio Wnet.fm, Piotr Arak points out that at the economic forum in Davos, the need to create a new form of international dialogue was raised. Present organisations, which were to develop this dialogue, are increasingly losing their importance.




The World Health Organisation is no longer as important as it used to be. This year, the G20 summit will also not take place. Participants gathered in Davos strongly underline that there is no forum for international debate – says Arak.



Another essential topic raised at the International Economic Forum is the issue of reorganisation of world production. Politicians tend to opt for moving industrial production to the countries close to the West in terms of ideology. Russia and China would lose on it, but Poland could gain. – predicts director of the Polish Economic Institute.



Our country might become an attractive place to invest, what is more, in the east of Poland, for obvious reasons, nobody will built plants. It is in our interest to finish the war in Ukraine as soon as possible, but for foreign companies, safety issue will not be the most essential issue. Access to energy, especially from renewable source, is more important.

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About the Three Seas Initiative in Davos



Polish President Karol Nawrocki emphasized in Davos the strategic importance of the Three Seas Initiative as a key platform for infrastructural, economic, and geopolitical cooperation in Central and Eastern Europe. The opening speech of the panel „Three Seas Initiative: geostrategic business opportunities – a bridge to the future – from the Adriatic, the Baltic, the Black Sea to Asia” took place as part of the Leaders Forum powered by Poland during the World Economic Forum in Davos. Former polish president Andrzej Duda participated as well.



President Nawrocki noted that over the course of a decade the Three Seas Initiative has evolved from a political concept into a mature cooperation mechanism that has tangible impact on the regional development.




“Ten years ago, the Three Seas Initiative began as an idea. Up until today it has evolved into a strategic framework for regional transformation, and alliance of innovation and infrastructure, and a symbol of Central and South-Eastern Europe’s maturity and confidence on the world stage” – told the President.



In his address the President also emphasized the strong transatlantic anchoring of the Three Seas Initiative. He stressed that from the very beginning, the Initiative was conceived as an open project, strengthening cooperation between the European Union and partners outside Europe, particularly the United States. In this context, the Three Seas Initiative was presented as a “bridge” connecting a dynamically developing region with global capital, technology, and markets.




” The Three Seas Initiative has never been an inward-looking project (…) it has been strategically anchored in the transatlantic partnership that unites Europe and North America”.



The President drew attention to the geostrategic dimension of cooperation within the Three Seas region in the face of global challenges such as geopolitical instability, pressure on supply chains, and competition for resources. He pointed out that the development of modern infrastructure and the deepening of economic cooperation constitute the foundation of security and long-term growth.



The speech also had a strong economic dimension. The President of Poland underlined Poland’s ambitions to strengthen its position in the global economy and its aspirations to join the G20, highlighting the growing role of the Three Seas region as one of the engines of growth in Europe. At the same time, he invited international investors to actively participate in projects implemented under the framework of the Initiative.



During the World Economic Forum in Davos, President Karol Nawrocki also met with President of the United States Donald Trump. The main topics of their talks were security and economic issues.



THE PRESIDENT’S SPEECH IS AVAILABLE HERE



Photo credit: © Mikołaj Bujak/KPRP, Source: https://www.prezydent.pl/aktualnosci/wizyty-zagraniczne/prezydent-w-davos-o-inicjatywie-trojmorza,113783

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