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Poland's Jump to the Market Economy

Author : Jeffrey Sachs
Publisher : MIT Press
Page : 146 pages
File Size : 38,1 MB
Release : 1993
Category : Business & Economics
ISBN : 9780262691741

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In Poland's jump to the Market Economy, Jeffrey Sachs provides an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy. The greatest challenges to economic reform, Sachs points out, have been primarily political in nature, rather than social or even economic.Sachs reviews Poland's striking progress since the start of the economic reforms three years ago, which he helped to design. He discusses the gains - more than half of employment and GDP is now in the private sector, exports to Western Europe have more than doubled, and economic growth and confidence are returning - as well as the serious problems that remain - high unemployment, a chronic fiscal deficit, the slow pace of privatization of large industrial enterprises, and the fragility of multiparty coalition governments.Sachs points out that leadership is crucial to economic reform in a newly democratic setting, as is the West's timely economic assistance. In Poland's case, the Zloty Stabilization Fund and the two-stage debt cancellation have been essential to keeping the reform program on track.Poland's example has had a powerful impact on reforms throughout the region, including the former Soviet Union, and has done much to dispel the fear that the citizens themselves, allegedly made lazy by decades of socialism, would reject the competitive rigors of a market economy. Overall, Sachs remains firmly convinced of the potential for successful economic reforms. in Poland and the rest of the region.Jeffrey Sachs is Galen L. Stone Professor of International Trade at Harvard University, and has been an economic advisor to more than a dozen countries around the world, including Bolivia, Mongolia, Poland, and Russia.

Europe's Growth Champion

Author : Marcin Piatkowski
Publisher : Oxford University Press
Page : 397 pages
File Size : 40,12 MB
Release : 2018
Category : Business & Economics
ISBN : 0198789343

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What makes countries rich? What makes countries poor? Europe's Growth Champion: Insights from the Economic Rise of Poland seeks to answer these questions, and many more, through a study of one of the biggest, and least heard about, economic success stories. Over the last twenty-five years Poland has transitioned from a perennially backward, poor, and peripheral country to unexpectedly join the ranks of the world's high income countries. Europe's Growth Champion is about the lessons learned from Poland's remarkable experience, the conditions that keep countries poor, and the challenges that countries need to face in order to grow. It defines a new growth model that Poland and its Eastern European peers need to adopt to grow and catch up with their Western counterparts. Poland's economic rise emphasizes the importance of the fundamental sources of growth- institutions, culture, ideas, and leaders- in economic development. It demonstrates that a shift from an extractive society, where the few rule for the benefit of the few, to an inclusive society, where many rule for the benefit of many, can be the key to economic success. *IEurope's Growth Champion asserts that a newly emerged inclusive society will support further convergence of Poland and the rest of Central and Eastern Europe with the West, and help to sustain the region's Golden Age. It also acknowledges the future challenges that Poland faces, and that moving to the core of the European economy will require further reforms and changes in Poland's developmental character.

The Polish Economy

Author : Ben Slay
Publisher : Princeton University Press
Page : 246 pages
File Size : 29,15 MB
Release : 2014-07-14
Category : Business & Economics
ISBN : 1400863732

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In 1989, Poland became the first Eastern Bloc country to shake off the dominance of its ruling Communist party. Although other post-Communist countries have since followed suit, Poland's experience has been unique in its move to Westernize. In this timely and insightful account, Ben Slay provides the first integrated, comprehensive assessment of Poland's economic transformation from central planning to a market system, and the political and sociological factors that have contributed to it. Drawing on the work of Western and Polish scholars as well as his own research, Slay traces the evolution of the Polish transformation from its historical roots in People's Poland and predicts potential problems and successes facing the Polish economy. A ground-breaking addition to the emerging study of post- Communist political economies, The Polish Economy demonstrates that other countries now struggling to join the West have much to learn from Poland's example. Of interest to scholars across the social sciences, this work provides general as well as professional readers with a compelling account of the realities behind one of the most important events of our time--the collapse of the Eastern Bloc. Originally published in 1994. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Poland's Jump to the Market Economy

Author : Jeffrey Sachs
Publisher : MIT Press
Page : 127 pages
File Size : 21,44 MB
Release : 1994-08-22
Category : Business & Economics
ISBN : 0262326205

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an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy In Poland's jump to the Market Economy, Jeffrey Sachs provides an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy. The greatest challenges to economic reform, Sachs points out, have been primarily political in nature, rather than social or even economic. Sachs reviews Poland's striking progress since the start of the economic reforms three years ago, which he helped to design. He discusses the gains - more than half of employment and GDP is now in the private sector, exports to Western Europe have more than doubled, and economic growth and confidence are returning - as well as the serious problems that remain - high unemployment, a chronic fiscal deficit, the slow pace of privatization of large industrial enterprises, and the fragility of multiparty coalition governments.Sachs points out that leadership is crucial to economic reform in a newly democratic setting, as is the West's timely economic assistance. In Poland's case, the Zloty Stabilization Fund and the two-stage debt cancellation have been essential to keeping the reform program on track. Poland's example has had a powerful impact on reforms throughout the region, including the former Soviet Union, and has done much to dispel the fear that the citizens themselves, allegedly made lazy by decades of socialism, would reject the competitive rigors of a market economy. Overall, Sachs remains firmly convinced of the potential for successful economic reforms in Poland and the rest of the region.

Economic Reform in Poland and Czechoslovakia

Author : Raphael Shen
Publisher : Praeger
Page : 0 pages
File Size : 47,13 MB
Release : 1993-07-28
Category : Business & Economics
ISBN : 0275943518

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Analyzes the successes and failure of economic reform programs in Poland and Czechoslovakia.

Poland in the Single Market

Author : Anna Visvizi
Publisher : Routledge
Page : 284 pages
File Size : 24,96 MB
Release : 2020-10-21
Category : Political Science
ISBN : 1000228533

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By all accounts, the case of Poland and its segue to market economy and democracy is a success story: 30 years of uninterrupted growth and development, infrastructure expansion, and modernization of the economy and society. Epochal changes have unfolded in a timespan of merely three decades. Change has taken place so fast that children born in late 1980s and onwards cannot remember what life in Poland under communism was like and cannot relate to it. Also, many elderly people, easy victims of romanticizing their own youth, tend to forget. As a result, the uniqueness of Polish transition and transformation, the boldness and efficiency of reforms, and the success that Polish society mastered together, tend to be undermined today both domestically and internationally. Poland has now been a member of the EU for more than 15 years. During that time, Poland’s image on the EU scene evolved from newcomer, through ‘model child’, champion of growth, to – in some respects – a maverick. This volume’s objective is to remind society, old and young, researchers, scholars and practitioners, that Poland’s success is an outcome of well-thought out and bold structural reforms implemented in a swift and timely manner, of society’s support for these reforms, and of third actors’ benign assistance. Looking back on the 30 years since the collapse of communism, and at the over 15 years of EU membership, this book offers an interdisciplinary, comprehensive and critical insight into factors and processes that have led to today’s Poland.

Economic Reforms in Polish Industry

Author : Janusz G. Zieliński
Publisher : London ; New York : Oxford University Press
Page : 380 pages
File Size : 12,7 MB
Release : 1973
Category : Business & Economics
ISBN :

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Economic research monograph on economic policy reform in planned economy of Poland from 1956 to the present - covers the economic theory and practice of economic planning, the management mechanism of plan implementation, the information system of a socialist enterprise, the system of wage incentives, investment and the financial aspects of industrial management, etc., and appraises the effectiveness of the Polish economic reforms. Flow charts, references and statistical tables.

The Political Economy of Poland's Transition

Author : John E. Jackson
Publisher : Cambridge University Press
Page : 304 pages
File Size : 30,67 MB
Release : 2005-06-06
Category : Political Science
ISBN : 9781139444156

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In the time span of a two-term US presidency, Poland went from an authoritarian one-party state with a faltering centrally planned economy to become a relatively stable multiparty democracy and a market economy with one of the highest GDP growth rates in Europe. A central feature of these economic and political reforms is a high rate of entry of new, domestically owned firms. This book uses detailed economic and political data to examine how these new firms contributed to the Polish transition. The authors test propositions about why some regions have more new firms than others and how the success of these new firms contributed to political constituencies that supported economically liberal parties. The book concludes by contrasting the Polish with the experiences of other transitional countries.

Poland's Protracted Transition

Author : Kazimierz Poznański
Publisher : Cambridge University Press
Page : 384 pages
File Size : 40,60 MB
Release : 1996
Category : Business & Economics
ISBN : 9780521556392

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This book, first published in 1997, offers an integrated study of institutional change in the Polish economy since 1971.