The Cultural and Economic Framework of Polish Japanese Economic Cooperation

Abstract

Purpose:The article aims to identify the economic and legal framework of Polish-Japanese economic cooperation and to establish the cultural and business determinants of entrepreneurship in Japan. Approach/Methodology/Design: Literature studies and analysis of primary sources (reports) were used as the research method. Findings: More and more Japanese organizations notice the investment potential of Poland for its political stability and highly qualified workforce. Japan's FDI is innovative, as demonstrated by numerous examples. For example, in early 2019 in Warsaw, representatives of the Ministry of Energy and the Japanese Ministry of Industry and Trade signed a Memorandum of Cooperation in the area of Clean Coal Technologies (CTW). The agreement is to establish a framework for Polish-Japanese cooperation and support in the context of the development and promotion of clean coal technologies, including in particular coal gasification Practical Implications: For Poland, the important task seems to be the presence of Japanese investors in all provinces of the country. Therefore, respective provinces must consider infrastructure development, strengthening research centers, especially technical universities, and the development of human capital. Such an approach would prevent the outflow of the workforce by reducing the intensity of work migration to other provinces in the country and abroad. If this tendency were to persist, it would contribute to reducing the imbalance in the level of development of the provinces.