A Transitional Analysis of the Polish Economy: After Fifteen Years, Still a "Work in Progress"

Hunter Richard J. () and Ryan Leo V. ()
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Hunter Richard J.: Professor of Legal Studies, Stillman School of Business, Seton Hall University
Ryan Leo V.: Professor and Dean Emeritus, Kellstadt Graduate School of Business, DePaul University

Global Economy Journal, 2005, vol. 5, issue 2, 19

Abstract: This article takes a critical view at the process of economic change and transformation in Poland since 1989. Its describes the creation and implementation of these changes, initially referred to as the Balcerowicz Plan, in the decidedly negative context of the system of central planning. The article takes a detailed look at growth, international trade, privatization, and foreign direct investment, as well as outlining some "persistent negatives" such as transition costs, technology and infrastructure lapses, and inflation. It concludes with possible suggestions for Poland's future as a full member of the EU, participating in the euro-- perhaps as early as 2008 or 2009.

Keywords: Poland; central planning; privatization (search for similar items in EconPapers)
Date: 2005
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DOI: 10.2202/1524-5861.1061

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