Global and Domestic Conditions Affecting the Operation of Businesses in Poland

The article aims to identify and assess the key external and internal macro conditions that influence the development of the Polish economy and companies, both, at present and in the future perespective. The first section is devoted to diagnosis of the current global macroeconomic environment. Emphasis has been put on the systemic conditions of globalization and the impact of globalization on interest rates, prices and international trade. Special attention has been put on the role of the Asian emerging market economies. The second section contains an attempt to assess perspectives of economic development, sources of disequilibria in trade and capital flows as well as potential correction scenarios of the accrued disequilibria. The following section deals with the situation on the oil and commodity market and assesses the impact of globalization on wages and salaries. The above analysis and context is then used to assess the Polish companies' and the whole economy perspectives. The particular emphasis is put on development of tradable sector, investment and labor markets rigidities.