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What Did Poland Achieve? Comparison of Polish and Turkish Economies

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Abstract

This paper examines key factors of difference in income levels of Poland and Turkey in 2013 whilst they were almost equal in 1990. Export volume, sophistication and technological intensity of exports, foreign direct investment, competitiveness, innovation and logistic capacities of these countries are main points in order to explain this difference in this study. Although Turkey had increased the export sophistication more than Poland between 1995 and 2013, Poland could export more sophisticated and high technology goods rather than Turkey. Moreover, foreign direct investments are another supportive factor for growth in Poland such that share of FDIs in Poland from world’s total amount had increased since 1990. It is also indicated in the study that innovation increases competitiveness which is helpful to boost growth and both Poland and Turkey have relatively advantageous factors. Furthermore, logistics capacity is another factor that makes difference since it is highly correlated with trade costs. It is thought that this paper could be helpful for future studies which examine differences in any factor between countries which were almost the same level in the past.
“CRACOW UNIVERSITY OF ECONOMICS DISCUSSION PAPERS” ISSN 2081-3848
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