Quote:
Originally Posted by someone123
Is there some special reason why Poland would be better off than France in the future? This seems counter-intuitive. France has a larger population and arguably has the better territory (by a large margin) as well.
France GDP growth has been anemic recently, but if you go back more than a few years the trend is more in line with many other developed countries. Poland is growing relatively quickly because it is catching up. As it catches up, I would expect the growth to slow. And if France did fall behind I would expect its growth to increase too unless there were some specific structural reason for the difference.
There are a lot of predictions that are really just linear projections of what's happening right now. The predictions often neglect the constraints on growth or the reasons why one country is doing better than another. If one country is growing simply because it is a low-cost alternative to another, it's never going to end up in the lead.
|
This is some really murky territory, but from what I've read, France has a lot of pretty serious problems at the moment that could lead to a Japan-like period of extended stagnation for decades to come, allowing for Poland--whose population is not that much smaller--to possibly overtake them.
Poland's impressive GDP growth in the past quarter century (their GDP has grown by at least 3% per year every year since 1992) is definitely catchup though, but there's the question of it will "catch up" to say the level of France or Italy before it plateaus, or if will catch up to the level of Britain or Germany. If it's the latter, Poland's economy will likely be bigger than France's when that happens.
The four "Visegrad Group" countries (the post-communist parts of Central Europe: Poland, Hungary, Czechia, and Slovakia) have had astonishing GDP growth since the fall of communism and their catch-up has mostly been a "full steam ahead" narrative with few bumps on the road... I sometimes wonder how that dynamic might change politics there. I wouldn't be surprised if the growth of populist right wing movements is very limited there. A big part of the appeal of these movements is nostalgia for the idea of the "good old days" and frustration at plateauing growth rates.. both of which don't exist over there, what with high GDP growth rates and the "old days" being the era of communist dictatorships.