FDI itself is not enough. Modern national champions happen because state protectionism, typically under autocratic industrial policy (Asian Tigers), in combination with FDI. Hyundai was suppose to be Honda, you can throw TSMC in there. There's no sign Poland is going to get national class to world class champions, because democracies more easily captured and EU forbids tier of subsidies and protectionism that enable giants that compete with established incumbents. Is there any strategic Polish company on road to being world class?
On paper countries can build giants without FDI, but can't build giants without industrial policy Poland can't adopt due to EU trap (which basically designed to keep west euro industrial incumbents on top) and (IMO) if Poland ever tries, FDI tap going to stop. Structurally Poland is periphery not core, allowed to prosper but not overtake, which puts ceiling. Exception being defense, but even then stepping on west euro toes.
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FDI itself is not enough. Modern national champions happen because state protectionism, typically under autocratic industrial policy (Asian Tigers), in combination with FDI. Hyundai was suppose to be Honda, you can throw TSMC in there. There's no sign Poland is going to get national class to world class champions, because democracies more easily captured and EU forbids tier of subsidies and protectionism that enable giants that compete with established incumbents. Is there any strategic Polish company on road to being world class?
On paper countries can build giants without FDI, but can't build giants without industrial policy Poland can't adopt due to EU trap (which basically designed to keep west euro industrial incumbents on top) and (IMO) if Poland ever tries, FDI tap going to stop. Structurally Poland is periphery not core, allowed to prosper but not overtake, which puts ceiling. Exception being defense, but even then stepping on west euro toes.