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Post-accession economic development of Poland

Witold Orlowski ()
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Witold Orlowski: Warsaw University of Technology Business School, Poland

Eastern Journal of European Studies, 2011, vol. 2(2), pages 7-20

Abstract: The aim of this paper is to analyse the economic performance of Poland in the post-accession period. Poland joined the EU in 2004, after a long and difficult economic transition. The whole post-accession period could be divided into two sub-periods: the pre-crisis period of 2004-07, and the turbulent period of 2008-11. During the pre-crisis period, Poland recorded a fast growth, with a built-up of macroeconomic disequilibria. During the turbulent period, the economy was dealing successfully with the global financial crisis. The growth slowed down and the disequilibria were reduced. The paper discusses the growth patterns in the both sub-periods and tries to explain the factors that contributed to the good economic performance during the financial crisis. The astonishingly good economic growth results cannot be attributed to a single factor, but to a combination of many factors contributing at the same time. However, Poland has many valuable assets that may help in dealing with the further economic turbulences.

Keywords: economic growth; financial crisis; economic integration; financing growth (search for similar items in EconPapers)
Date: 2011
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