22 July 2021
The current crisis may be an opportunity for Poland and Visegrad Group countries to get out of their position as subcontractors for large Western European industrial groups. ICT and energy will serve as springboards for Poland and the V4 to further economic convergence.
In Chinese, the word crisis is written with two ideograms: the first means “danger” and the second means “opportunity”. The worldwide sanitary and economic crisis is unprecedented.
It is not a crisis linked to demand as it was the case during the Great Depression in the 1930s and it is neither a crisis linked to supply as observed after oil price shock in 1973.
During the present coronavirus crisis, face-to-face relations are no longer possible. The current crisis may be a danger if the current economic organisation in Europe and in the world does not change, or if economic thinking is only short-term oriented.