The expiring real convergence process under conditions of the common market : how to counteract

Developing countries face a threat of a slowdown in their economic growth. To юте extent, this also relates to Poland The question arises: how to counteract that slowdown, often referred to as the middle-income trap? New Structural Economics suggests methods to successfully initiate and then maintain proper dynamics of economic growth. Also: is it possible to apply its recommendations to enliven the slowing rate of economic growth in developing countries as they seem to lose their ability to grow up quickly and catch-up with highly-developed countries? The common market within the European Union, after all, consists of well developed countries and of countries at the middle level of development It is imperative, then, to achieve some compromise between the interests of the former and the latter. This article analyses the reawns for the economic slowdown which largely stem from the phenomenon of domestic manufacturers remaining or perhaps locked in, in roles of subcontractors and co-operators of international corporations, and suppliers of cheap products - roles they perform basing on low labour costs. This, of course, determines the inferior status of the national economy with resped to technological leaders of the common market and becomes a real threat in the context of progress achieved through the industrial revolution 4.0. Hence the efforts to seek inspiration to raise the level of innovativeness in less developed countries and to apply recommendations given by New Structural Economics - which also relates to Polish economy.