Clifford Chance

Poland bets on development through innovation

21 December 2015

The new Minister of Development, Mateusz Morawiecki the former CEO of BZ WBK (Santander Bank) in Poland, is supposed to play a pivotal role in carrying out the economic policy of the new Polish government formed by PiS (Law and Justice).

PiS's current political philosophy is drawn from a merge of both conservative-liberal doctrine and welfare economics. On the one hand, PiS wants the state to play a vital role in the economy. On the other hand, it also plans to broaden economic freedom. PiS also stresses the importance of innovation and has a vision of Poland becoming a leader in new technologies and not just a provider of a low cost labour force. The Minister of Development's new programme is supposed to increase the level of innovation in the Polish economy and attract new investors, mainly from the technology and R+D sectors.

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