Poland 2014: Twenty Five Years of Transition: Is Poland Now a Normal Country?

1
Richard J. Hunter
Richard J. Hunter
2
Jr.
Jr.
3
Leo V. Ryan
Leo V. Ryan
4
C.S.V.
C.S.V.
1 Stillman School of Business/Seton Hall University

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This article discusses the past twenty-five years of economic and political transition in Poland. It traces the origin of the “Polish dilemma” by pointing out the “Grand Failures” of the command-and-control economy; discusses the philosophical underpinnings of the reform effort; and delineates the major components of the Balcerowicz Plan-with a special emphasis on Poland’s privatization program. The article then moves to a discussion of the importance of Foreign Direct Investment (FDI) in the Polish economy and describes several important surveys which point to the success of the Polish experiment in areas such as business attractiveness, overall climate for business, and business friendliness. In addition to providing up-to-date statistics on Polish economic performance through the end of 2013, the article concludes with an observation as to the future for Poland’s commitment to economic change and economic development.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

Richard J. Hunter. 2014. \u201cPoland 2014: Twenty Five Years of Transition: Is Poland Now a Normal Country?\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 14 (GJHSS Volume 14 Issue E1): .

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Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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March 25, 2014

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English

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This article discusses the past twenty-five years of economic and political transition in Poland. It traces the origin of the “Polish dilemma” by pointing out the “Grand Failures” of the command-and-control economy; discusses the philosophical underpinnings of the reform effort; and delineates the major components of the Balcerowicz Plan-with a special emphasis on Poland’s privatization program. The article then moves to a discussion of the importance of Foreign Direct Investment (FDI) in the Polish economy and describes several important surveys which point to the success of the Polish experiment in areas such as business attractiveness, overall climate for business, and business friendliness. In addition to providing up-to-date statistics on Polish economic performance through the end of 2013, the article concludes with an observation as to the future for Poland’s commitment to economic change and economic development.

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Poland 2014: Twenty Five Years of Transition: Is Poland Now a Normal Country?

Richard J. Hunter
Richard J. Hunter Stillman School of Business/Seton Hall University
Jr.
Jr.
Leo V. Ryan
Leo V. Ryan
C.S.V.
C.S.V.

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