Poland After the Shock

James Angresano

Comparative Economic Studies, 1996, vol. 38, issue 2-3, 87-111

Abstract: This paper analyzes Poland's economic performance following the introduction of shock therapy as compared to China's performance under its transformation policies. Both nation's economic policies are evaluated within the context of the goals, perceptions and performance criteria selected by Polish policymakers. Evidence indicates that shock therapy had mixed results and that ideology has influenced previous analyses of such policies. Since China's performance based upon the same criteria has been no less favorable, lessons from its transformation experience deserve attention from Central and East European policymakers comparable to that given Poland.

Date: 1996
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