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thought paper 3 - Joshua Farrell Intl Mgmt MWF 1:00-1:50...

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Joshua Farrell Intl Mgmt MWF 1:00-1:50 Business in Poland Business Climate in Poland Recent economic reforms and policies have now almost fully integrated into the economical charged European Union (EU). As the Euro increases its dominance over the U.S. Dollar, Poland has set itself up for steady growth. These successes are attributed to a change to a free market economy in the late 1980s, its membership in the World Trade Organization (WTO) in 1995, its membership in the Organization of Economic Cooperation and Development (OECD) in 1996, and its recent record-breaking Warsaw Stock Exchange activity in 2007 (Warsaw Voice, 2008). On December 21 st , 2007 Poland took down four of its seven borders with neighboring countries, “a move Polish leaders hailed as a historic step that marked the full integration of their country with the EU” (Warsaw Voice, 2008). Poland has also been able to lower its inflation rate to around 1%. With this new economy, reduced trade barriers, lower waged and highly skilled workers, Poland is an attractive and profitable location for our Canadian firm. Strategy The Canadian firm is using the political imperative approach to strategy. This approach is
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