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The Newer Entrants - Poland. Hungary, Romania

In: Business and Management

Submitted By nachau15
Words 6392
Pages 26
The NeWer EntrantS
Poland, Hungary & Romania
The NeWer EntrantS
Poland, Hungary & Romania

As globalization of the market place continues, many companies that conduct within their nation’s boundaries will find it difficult to survive. Currently worldwide competition is influencing virtually every business in Canada, United States and other industrialized nations. One way to cope with this is to expand beyond a country’s own frontiers. Poland, Hungary and Romania are three countries that are very competitive in the skilled manual labour. This makes them a very attractive location for large corporations to outsource low, medium and sometimes even high levels of production. Multi-national firms can take advantage of cheap labour, high level of technical competence, and excellent infrastructure in these three nations.
The Central Eastern European countries are part of the expanding Europe and the countries that fall within this area have opened up many opportunities for multi-national Firms. Many of these countries have recently joined the European Union and NATO have made formidable alliance and agreements that boost their investment opportunity value.
History:
Poland is a large country with a long and distinguished history. (Europe Global Studies, pg. 48) Poland's history as a state begins near the middle of the 10th century. By the mid-16th century, the Polish-Lithuanian Commonwealth ruled a vast tract of land in central and Eastern Europe. During the 18th century, internal disorders weakened the nation, and in a series of agreements between 1772 and 1795, Russia, Prussia, and Austria partitioned Poland among themselves, thus by the 1800, Poland had “disappeared” from the map of Europe. (Europe Global Studies, pg. 48) However Polish culture did stand strong and nationalism was always high, due to this the nobility spread and three empires worked on...

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