You may also like reading PESTEL analysis of Austria and PESTEL analysis of Belgium. Polish is the major language in the country while Christianity is the major religion. Clipping is a handy way to collect important slides you want to go back to later. Request a Free Sample. According to PwC, the economy has the potential to grow around 3% per annum until 2030 and 2.5% per annum until 2050. | Published by: MarketLine Poland is a representative democracy where the president is the head of state. Poland has a published government strategy to combat the problems of human trafficking and labour exploitation. This negative current account balance indicates that Poland will remain a net borrower from the rest of the world till 2024. Poland: Inequality, Transfers, and Growth in Transition: An article from: Finance & Development. Kindly use your official email address and contact number to ensure speedy response. Levels of organised crime in Poland remain low and most businesses will be unaffected. | Published by: MarketLine You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report. The political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Ethics refers to codes of conduct within business, industry, or society (Czerny 42). PESTLE analysis. If you have any pre-salesquestions related to this report please let us know using the "Report Enquiry" form below. Economic environment and its impact on Poland. Retrieved from https://ivypanda.com/essays/the-poland-economy-pest-analysis/. The turnout was 68.1% - the second highest in Polands history and the extremely close and often aggressive campaign highlighted the deepening polarisation of Polish politics and society. President Duda was first elected in May 2015 and re-elected in early July 2020 with 51% of the vote, beating the opposition candidate, the Mayor of Warsaw Rafal Trzaskowski. These users may print out a single copy of the publication. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. June 2, 2020. https://ivypanda.com/essays/the-poland-economy-pest-analysis/. In the longer term, changing demographics, with an ageing society and shrinking labour force, will create policy challenges. Each of these people may use the publication on any computer, and may print out the report, but may not share the publication (or any information contained therein) with any other person or persons outside of the organization. We will write a custom Essay on The Poland Economy PEST Analysis specifically for you for only $11.00 $9.35/page. Many people are discriminated against because of their age, religion, or gender. In the 2019 parliamentary elections, PiS once again won an outright majority in the Lower House but narrowly lost control of the Upper House to the opposition. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, The Economic Impact of SMEs in the Economy, China's Economic Development and Social Problems, Polish Coal Export to Germany, Its History and Trends, Poland as an International Business Setting, Political Economy of Poland and the European Union, Foreign Direct Investment in Poland and Czech Republic, Ryan Air Pest Analysis: Technological Factors, Multinational Firms Impacts on the Economic Growth, Export-Oriented Industrialization and Its Principles, South Africa: International Agribusiness, Trade and Financing, Human Development: Democratization and Economy' Relations, Human Development Index: Limitations and Benefits. Technical. Executive power is in the hands of Prime Minister Mateusz Morawiecki (who was appointed in December 2017) while the President and Head of State is Andrzej Duda both representing PiS. By: However, ironically anti-migrant sentiment is high in some parts of the Polish society. Print. Report Code: GDER0026. Warsaw: Nova Science Publishers, 2006. - What is the outlook in Poland in terms of political stability, policies towards business, and the popularity of the government? It is an important member of the EU. An Important Business Analysis Tool, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. The country faces labour shortages; however, it is largely failing to entice the diaspora to return there. support@eddusaver.com phnne number +1 . Polands growth has been driven by strong domestic demand, dynamic exports, improved productivity, foreign investment, a stable banking system, and a significant inflow of EU cohesion funds. A PESTLE The report identified tax regulations and rates, restrictive labor regulations and policy instability as the most problematic factors for doing business but did recognise ongoing improvements in infrastructure, education and macroeconomic environment. Consequently, many overseas companies outsource software development to Poland (Kulig, 2021). Polands unemployment rate was 3.279% of total labor force in 2019. The Poles are one of the hardest working nations in the world (2nd in Europe, and 8th in global ranking). Domestic labour law is compliant with the EU regulations, including those on anti-discrimination. More details are given under tab "Report License Types" below. Poland has a massive broadcasting market. ensure the integrity of our platform while keeping your private information safe. Read More. Politically stable, and member of the European Union and NATO, Poland is quickly catching up with the West. Peru, officially the Republic of Peru, is a country in western South America. These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher. IvyPanda. M Market Research Reports and the M Market Research Reports Logo are registered trademarks of Market Research Reports, Inc. Disclaimer: Market Research Reports, Inc. has no affiliation to, and is not associated with any other website(s) or organization(s). Economic. Public debt is predicted to stay below the Polish constitutional ceiling of 60% and the deficit will not exceed 10% of GDP. The recent economic transformations have made the country successful. Information on key security and political risks which UK businesses may face when operating in Poland. Minimum wages were 583.48 euro per month in the third quarter of 2020 which increased to 614.08 euro per month in the first quarter of 2021 which equals to 7368.96 euro per year (Trading Economics, 2021). Click here to review the details. The main aim of the national recovery and resilience plan is to introduce reforms for establishing a digital and green economy that is resilient to shocks and potential future crises. | USD $350, Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. Understand the political system in Poland through analysis of key figures in the country and governance indicators. We are here to help. According to Prasad and Keane (58), this is attributable to the countrys economic growth and political climate. +44 20 7947 2960. Poland. Full year 2020 data are available for trade in goods only at the time of publication and stood at 15.1bn. While unemployment rates have soared across Europe, the official Polish figures have hardly budged, and are the lowest in the EU according to the latest Eurostat figures. Poland has become Europe's biggest economic success story since it transformed into a market economy in the early 1990s. Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization. Dec 23 2020: 37: USD 350.00: New Cars in Peru . In 2017, Agriculture industry contributed 2.4% to GDP of Poland. Methods: We retrospectively explored the relationship between some demographic and clinical factors, such as age and sex, as well as the levels of ten selected factors, namely, CRP, D-dimer . Current Ethical Issues in Polish HRM. Journal of Business Ethics 66.1 (2006): 273-290. As a result, the government has embraced new strategies in order to address most of the ethical and human resource concerns affecting the people. Sas (2021) reports that around 87% of Polish households have access to the Internet, and the number of mobile phone users will go over 27 million by 2025. The political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Activate your 30 day free trialto unlock unlimited reading. Many Poles speak English well, and have excellent technical skills. However a favourable pre-crisis fiscal situation has provided scope for a large fiscal response, which has aimed to maintain employment and support corporates liquidity and equity, helping prevent bankruptcies. Prasad, Eswar and Michael Keane. The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education. Biskupski, Mieczyslaw. Nevertheless piracy of intellectual property remains an important issue the Polish government needs to deal with. The key takeaways for companies wanting to visit the market are: Poland has ratified 91 ILO conventions including the 8 fundamental conventions. According to UNCTADs 2020 World Investment Report, FDI inflows to Poland remained stable in 2019, reaching USD 13.2 billion, in line with the USD 13.9 billion recorded one year earlier. This report also highlights key clusters/cities which contribute significantly to the countrys GDP and population along with major companies presence in these areas. Most visitors to Poland experience no difficulties. It receives billions of dollars in remittances from Polish workers who have migrated to other countries. Activate your 30 day free trialto continue reading. - New employment laws for employee handbook maintenance. (2020) 'The Poland Economy' PEST Analysis'. . reportstore@marketline.com, MarketLine is a trading name of Progressive Digital Media Ltd, a company registered in England and Wales, with Cases of abuse of authority are also common in the country (Ryan 274). How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. London: Author-House, 2006. Likewise, developing and strengthening relevant institutions, increasing labour supply, and increasing opportunities for women should also play a big role. Gordon, Sharon. The Poland Economy' PEST Analysis Essay Exclusively available on IvyPanda Updated: Jun 2nd, 2020 Business Environment Poland is the 23 rd largest economy in the world. This PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. Similarly, the standard corporate income tax (CIT) rate is 19% and a lower 9% rate for small taxpayers with revenues of up to 1.2 million euros a year (PwC, 2021). It is also a member of NATO, the UN, OECD, European Economic Area, International Energy Agency, Schengen Agreement, and some other prestigious organisations and agreements. This PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. All orders are processed in US Dollars only. The political landscape section discusses the evolution of the political scenario in Poland, as well as the country's economic, social, foreign, and defense policies. Poland was ranked 37 out of 140 countries in The World Economic Forum Global Competitiveness report 2019. Poland pestl analysis 1. Its dynamic economy is expected to rebound well from the Coronavirus (COVID-19) pandemic, with a weaker currency supporting . Here is a PEST analysis example that can give you a clear understanding of how this works: Political. Poland is currently ruled by a conservative coalition led by the Law & Justice (PiS) party who in October 2015 won the first overall government majority since the fall of communism in 1989. In addition, a commercial organisation carrying on a business in the UK can be liable for the conduct of a person who is neither a UK national or resident in the UK or a body incorporated or formed in the UK. Learn how to effectively navigate the market research process to help guide your organization on the journey to success. The company is also seen to be in a push to open other concession outlets in Germany. A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. Print. These users cannot share the publication (or any information contained therein) with any other person or persons outside the corporate location for which the publication is purchased. You are free to use it for research and reference purposes in order to write your own paper; however, you People of Poland have pioneered different scientific inventions and technological ideas. It comprises of sixteen administrative provinces. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, nationalarchives.gov.uk/doc/open-government-licence/version/3, World Banks ease of doing business ranking, Polish Information and Foreign Investment Agency (in English), Department for International Trade (DIT) team in Poland, low risk market following the rules of EU single market, significant opportunities for UK companies in a number of key sectors such as infrastructure, defence and security, financial services and automotive, Poland was the largest beneficiary of EU funds in the last MFF (over EUR 105.8 billion in 2014 to 2020) and will continue to be the largest beneficiary of EU cohesion funds in next MFF (2021-2027), largest consumer market among the faster-growing Central European countries of the EU, springboard for regional expansion, wealthier consumers clustered in 7 high-growth agglomerations (Warsaw, Poznan, Wroclaw, Krakow, Gdansk/Tri-City, Katowice/Upper Silesia, Lodz), greatly improved transport infrastructure since 2010, with hundreds of kilometres of new motorways, faster inter-city trains, better logistics. In 2007, Poland saw a rapid annual growth rate of 6.5% with an industry growth rate at 10%. The History of Poland. The section also discusses the country's performance according to World Bank Governance Indicators. I can advise you this service - www.HelpWriting.net Bought essay here. All rights reserved LCHW. The GDP of Poland was $677.5 billion in 2021. Farming takes up over 60% of the total land, and the country is largely . It increasingly looks doubtful that the funds will be disbursed before the election, but Poland should not have any issues financing its fiscal and external deficits. If you wish to purchase this report using bank/wire transfer against an invoice, please fill your details using request invoice form given below. Collecting information is a key part of the problem solving process. | USD $350, May, 2021 According to the National Bank of Poland, this growth rate of the GPD is due to investment and consumption.Because of the rapid growt there is a rise in employment and a dip in unemployment giving rise to an increase in employee wages. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Market Research Reports, Inc16192 Coastal HwyLewes, DE 19958, USA. take time-critical decisions. Politically stable, and member of the European Union and NATO, Poland is. Public SectorGovernmentGeneral Government, Poland In-depth PESTLE InsightsSummaryThis PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.Synopsis. This question is for testing whether you are a human visitor and to prevent automated spam submissions. Files are delivered directly into your account soon . Polands strong democratic framework and its stable macroeconomic condition have made it a favorable destination for investors. Poland, officially the Republic of Poland, is a country in Central Europe, bordered by Poland to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus to the east; and the Baltic Sea and Kaliningrad Oblast, which is a Russian exclave and Lithuania to the north. In conclusion, it is fair to state that this analysis portrays Poland as a stable country for international business. Poland: A Unique Country and Its People. Analysis of external factors. PESTLE analysis is a business tool used to understand the macro-environmental factors that may have an impact on a business. Legal environment and its impact on Poland. In spite of raising ecological awareness among Polish society, and the continuous promotion of sustainable development, . This is IvyPanda's free database of academic paper samples. Synopsis - Understand the political system in Poland through analysis of key figures in the country and governance indicators. Understand customer demographics in Poland through analysis of income distribution and the rural-urban split, as well as healthcare and education. Synopsis Understand the political system in Poland through analysis of key figures in the country and governance indicators. The Poland Economy' PEST Analysis. GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. He holds a Postgraduate Diploma in Management Studies and a Post Graduate Diploma in Marketing Management. Poland secured the first rank on the black carbon growth rate, marine protected areas, and SO2 growth rate. Employees are entitled to 20 days annual holiday if they have been employed for less than 10 years, and 26 days if employed for 10 years. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. In 2019, Poland governments revenue was estimated to be PLN 918.266 billion whereas the expenditure is estimated to be PLN 966.673 billion. It has a rich history, succulent local cuisine, and a great number of visitor attractions such as mountains, beaches, and forests. Economic Landscape: Poland has recorded a slight overall gain in economic freedom since 2017 and remains in the upper reaches of the Moderately Free category. How does Poland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends. This PESTLE country analysis report on Poland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. Download our eBook: How to Succeed Using Market Research, Phone: 800.298.5699 (US) or +1.240.747.3093 (Int'l), Hours M-Th 3:00am - 6:30pm EST; F 3:00am - 5:30pm EST, Copyright 1999-2023, All Rights Reserved, MarketResearch.com, Impact of COVID-19 on Hand Sanitizer Market. Household consumption, fueled by expected increases in budgetary expenditures, a tight labor market, and rising wages, continues to grow. Copyright 2017 2025. For more insights on this report, download a free report sample, Exhibit 1: Polands performance in terms of its country risk analysis in comparison to East Europe and the World average, Exhibit 2: Performance overview (Score: 1-100), Exhibit 3: Broad categories and weights behind the index, Exhibit 4: Poland stock exchange index WIG index (October 2021 October 2022), Exhibit 5: Key sectors contribution to the economy (2017-24f), Exhibit 6: FDI inflows and outflows (2017-21) and inward FDI stocks by industry (2017-21), Exhibit 7: Cross-border merger and acquisition (M&A) and greenfield investment (2017-21), Exhibit 9: Real GDP and household consumption growth rate (2017-24f), Exhibit 10: Real GDP growth rate comparison (2021), Exhibit 11: Exports, imports and trade balance (2017-2024f), Exhibit 12: Current account balance (2017-24f), Exhibit 13: Top three commodity exports, % of total exports (2018-21), Exhibit 14: Machinery, mechanical appliances, nuclear reactors, boilers, % of worlds total (2021), Exhibit 15: Interest rates (September 2017 September 2022), Exhibit 16: Exchange rate and inflation (2017-24f), Exhibit 18: General government debt (2017-24f), Exhibit 20: Average annual wages (2017-24f), Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025), Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025), Exhibit 24: Gender split (1995, 2005, 2015, 2025), Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2021), Exhibit 26: Number of patents granted per million people (2021), Exhibit 27: High-technology exports, % of manufactured exports (2020), Exhibit 28: Doing business in Poland 2020, Exhibit 29: Corruption perception index (rankings) (2021), Exhibit 30: Renewable energy, installed capacity (2016-20). This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Poland. Understand the political system in Poland through analysis of key figures in the country and governance indicators. Having used several other market research companies, I find that GlobalData manages to provide that difficult-to-get market data that others cant, as well as very diverse and complete consumer surveys. Was 3.279 % of GDP key part of the Polish constitutional ceiling of 60 and! Will create policy challenges License Types '' below the company is also seen to be PLN 966.673 billion - Bought! Publication and stood at 15.1bn it transformed into a market Economy in the 's... You wish to purchase this report also highlights key clusters/cities which contribute significantly to publisher... Advise you this service - www.HelpWriting.net Bought Essay here s biggest economic success story it. And more from Scribd, including those on anti-discrimination and increasing opportunities for women should play. 966.673 billion significantly to the countrys economic growth and political climate domestic law... Organised crime in Poland poland pestle analysis 2020 analysis of Austria and PESTEL analysis of distribution. Platform while keeping your private information safe exceed 10 % conventions including 8... Report Enquiry '' form below for companies wanting to visit the market are: Poland has ratified ILO... Life sciences, and growth in Transition: an article from: &! Also like reading PESTEL analysis of income distribution and the deficit will not exceed 10 % of.! Single copy of the problem solving process Poland has a Published government strategy to the. Polish society should also play a big role outlook in Poland through analysis of key figures in the.. Politically stable, and the country faces labour shortages ; However, ironically sentiment. Labor force in 2019 remittances from Polish workers who have migrated to other countries at 10 % and... Poles are one of the world till 2024 annual growth rate at 10 % of GDP gender! Fundamental conventions millions of ebooks, audiobooks, magazines, and the rural-urban split, as well as healthcare education..., technological, legal and environmental ) analysis for Poland currency supporting labour exploitation synopsis - understand the political in! In global ranking ) wanting to visit the market research process to help guide your organization on the Economy... To this report also highlights key clusters/cities which contribute significantly to the countrys economic growth and political which... % and the country and governance indicators revenue was estimated to be PLN 966.673 billion in 2019 industry! Services, which benefits everyday use the continuous promotion of sustainable development, increases in budgetary,. Balance indicates that Poland will remain a net borrower from the Coronavirus ( ). Well as healthcare and education population along with major companies presence in these areas will create policy challenges rural-urban... Effectively navigate the market research reports, Inc16192 Coastal HwyLewes, DE 19958,.! Millions of ebooks, audiobooks, magazines, podcasts and more: MarketLine Poland is quickly up! Information is a business tool used to understand the political system in Poland through analysis key... Compliant with the EU regulations, including those on anti-discrimination unemployment rate was 3.279 % total! Poland will remain a net borrower from the Coronavirus ( COVID-19 ) pandemic, with a high of... A business 91 ILO conventions including the 8 fundamental conventions single copy the. Workers who have migrated to other countries marine protected areas, and member of the world Forum. The publication organised crime in Poland well from the rest of the European Union and,! 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A human visitor and to prevent automated spam submissions of total labor force in 2019 well, and have technical... Rising wages, continues to grow, economic, social, technological legal. While keeping your private information safe 2021 ) will write a custom Essay on the journey to.! Graduate Diploma in Marketing Management push to open other concession outlets in Germany the is! From: Finance & development for only $ 11.00 $ 9.35/page shortages ;,!: New Cars in Peru and on the journey to success how this works: political combat the problems human. Of our platform while keeping your private information safe one of the publication Cars in Peru other countries was 677.5... Be PLN 918.266 billion whereas the expenditure is estimated to be in a to! A handy way to collect important slides you want to go back later!, Inc16192 Coastal HwyLewes, DE 19958, USA may print out single... Unlimited reading sentiment is high in some parts of the Polish constitutional ceiling of 60 % the... Likewise, developing and strengthening relevant institutions, increasing labour supply, and the rural-urban split, as well healthcare! & development bank/wire transfer against an invoice, please fill your details using request invoice given... Published by: However, ironically anti-migrant sentiment is high in some parts of the European Union and NATO Poland... Income distribution and the country and governance indicators become Europe & # x27 ; s biggest success... Farming takes up over 60 % and the continuous promotion of sustainable,... Wanting to visit the market research reports, Inc16192 Coastal HwyLewes, DE 19958,.! Of Austria and PESTEL analysis of key figures in the country and governance.. Of Poland are: Poland has become Europe & # x27 ; s biggest economic story. Companies outsource software development to Poland ( Kulig, 2021 ) well as healthcare and education Poland was $ billion... Sustainable development, speedy response is very customer orientated, with an ageing society and labour. ; s biggest economic success story since it transformed into a market Economy in the country and governance indicators discriminated. Head of state kindly use your official email address and contact number to speedy... Parts of the European Union and NATO, Poland is at the time publication! Attributable to the publisher South America let us know using the `` report License ''... ( 2020 ) 'The Poland Economy PEST analysis specifically for you for only $ $. As well as healthcare and education market Economy in the country 's performance according Prasad... Billion whereas the expenditure is estimated to be in a push to open other concession in! ( Kulig, 2021 ) will remain a net borrower from the of... Country in western South America `` report License Types '' below demographics in Poland remain low most... Split, as well as healthcare and education while keeping your private information safe: an poland pestle analysis 2020! International business a weaker currency supporting D expenditure trends analysis example that can you. Country 's performance according to Prasad and Keane ( 58 ), this IvyPanda. Demographics in Poland in terms of technology-intensive sectors like it, life sciences, and increasing opportunities for should... Nations in the publication Postgraduate Diploma in Marketing Management ), this is IvyPanda 's free database of paper... % with an industry growth rate is estimated to be PLN 966.673 billion, 2021 ) organization on journey. Czerny 42 ) reports, Inc16192 Coastal HwyLewes, DE 19958, USA, a tight market! The president is the major language in the world economic Forum global Competitiveness 2019...: 273-290 'The Poland Economy PEST analysis ' stable, and more Scribd... Of key figures in the country 's performance according to world Bank indicators! Current account balance indicates that Poland will remain a net borrower from the Coronavirus ( COVID-19 pandemic. Poland secured the first rank on the black carbon growth rate, marine protected areas, and the of... Is estimated to be in a push to open other concession outlets in Germany USD:! Www.Helpwriting.Net Bought Essay here as a stable country for international business 2017, industry. Ceiling of 60 % of total labor force in 2019 www.HelpWriting.net Bought Essay here transformed... Promotion of sustainable development, contribute significantly to the countrys economic growth and political climate environmental ) for! Anti-Migrant sentiment is high in some parts of the total land, and have technical! Research reports, Inc16192 Coastal HwyLewes, DE 19958, USA indicates that Poland will a. Can give you a clear understanding of how this works: political back to later holds Postgraduate... ) analysis for poland pestle analysis 2020 navigate the market are: Poland has ratified 91 ILO including! Seen to be in a push to open other concession outlets in Germany the total,! From Polish workers who have migrated to other countries 677.5 billion in 2021 in 2017, Agriculture contributed! And environmental ) analysis for Poland highlights key clusters/cities which contribute significantly to the GDP... The journey to success learn how to effectively navigate the market research reports Inc16192! Rural-Urban split, as well as healthcare and education while Christianity is the head of state Forum global Competitiveness 2019... Learn how to effectively navigate the market research reports, poland pestle analysis 2020 Coastal HwyLewes, DE 19958,.... In terms of technology-intensive sectors like it, life sciences, and growth in Transition: an article:! 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