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Economic transition in Poland: the relevance of the Latin-American experience

Author

Listed:
  • Rubén Berríos

Abstract

Shock therapy was used in Poland causing many problems. It is true that fouryears later the economy started to grow again, but the transition to the market economytook place with high unemployment rates and increasing social inequalities. Poland’s liberalizationand economic stabilization program has a lot to do with similar programs experiencedin Latin America and could be useful to Poland. In the short term, costs are similarto those of the Latin American experience. Even though stabilization was partially achieved,the social costs that took off were large, making the continuation of economic reform politicallyindigestible in the democratic context. JEL Classification: P21; P52.

Suggested Citation

  • Rubén Berríos, 1995. "Economic transition in Poland: the relevance of the Latin-American experience," Brazilian Journal of Political Economy, Center of Political Economy, vol. 15(4), pages 577-599.
    • Handle: RePEc:ekm:repojs:v:15:y:1995:i:4:p:577-599:id:1260
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1260/1245
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    More about this item

    Keywords

    Transitional economies; liberalization; stabilization;
    All these keywords.

    JEL classification:

    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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