Poland is one of Europe's most integrated countries - World Bank
Poland is among the leading countries in Europe in terms of international economic connections, such as trade, investments, migration, communications technology or the transport network, according to a new report by the World Bank, published on Thursday.
Poland owes its position among Europe's best economically integrated countries mainly to its developed network of international transport, which supports trade in goods and services, the report says.
In an official statement promoting the publication, its author, the World Bank's economist for Europe and Central Asia, David Gould, noted the main finding of the report.
Namely, the more internationally integrated the world is, the more such a network of various links supports the transfer of technology and ideas among countries, companies and people.
This is crucial for long term economic growth, Gould added.
As the report shows, during economic transformation Poland deepened its ties with Germany, Europe's best economically integrated country, and by also working with Berlin's trade partners, was able to enter new markets in Europe and around the globe.
One risk of such close ties is that if the German economy is hit by a slowdown, Poland will be most affected, the World Bank's representative to Poland and the Baltic states, Carlos Pinerua, pointed out in the statement.
The World Bank ranked countries of Europe and Central Asia according to a new index of multi-dimensional integration, which takes into account several connection channels: trade, foreign direct investment, migration, information and communication technology, as well as the transport network.
The best integrated regions turned out to be Western, Northern, Central and Southern Europe, while the Balkans, Central Asia and Southern Caucasus are the least connected.