World Bank Report: Productivity Growth and Social Inclusion Key to Poland’s Future Competitiveness

“Increasing productivity is necessary for Poland to navigate demographic challenges and upcoming transitions,” said Ary NaÏm, World Bank Group Country Manager for Poland.


Devdiscourse News Desk | Warsaw | Updated: 25-09-2024 15:50 IST | Created: 25-09-2024 15:50 IST
World Bank Report: Productivity Growth and Social Inclusion Key to Poland’s Future Competitiveness
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A new World Bank report underscores the importance of productivity growth through faster technological adoption, labour market reforms, and a smart industrial strategy to sustain Poland’s economic success. The report, titled Systematic Country Diagnostic Update – Reaching the Last Mile of Convergence, emphasizes that achieving durable growth must go hand in hand with increased social inclusion, especially as Poland faces challenges such as an ageing population, global economic headwinds, and the cost of delayed decarbonization.

According to the report, improving manufacturing efficiency, labour market participation, and domestic financial markets is essential for Poland to integrate into new global value chains and manage the transition away from coal. However, inclusive growth will require reforms in six key areas: innovation, education, market efficiency, infrastructure, social protection, and institutions.

“Increasing productivity is necessary for Poland to navigate demographic challenges and upcoming transitions,” said Ary NaÏm, World Bank Group Country Manager for Poland. He noted that equal opportunities, efficient social safety nets, and R&D investments will be crucial in this effort.

Key recommendations include enhancing adult education and training to match workers' skills with evolving technological needs and extending labour market participation for women and vulnerable groups. Additionally, improving basic education and addressing housing gaps are seen as critical to fostering social mobility and supporting economic growth.  

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