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Poland's Performance in Building a Sustainable Market Economy

Author

Listed:
  • Alina Ligia Dumitrescu
  • Lucia Iordache

Abstract

In the past ten years since joining the European Union, Poland recorded not only economic growth, but economic performance and social development. Poland got both production and consumption on a sustainable basis over the last ten years and was the only EU member state that successfully managed to avoid recession. In 2010, according to the Statistical Office of Poland, it was recorded a steady growth rate of 3.9%, one of the best results in the EU, compared to the average of 2%. Growth is expected to remain over 3% in the period 2015-2016, supported by solid domestic demand, an improvement in the labor market, the increase in real disposable income and not least by a strong investment activity. The article examines the pillars of economic growth, with the main objective to highlight how this member state managed to achieve a sustainable economic growth and a good performance in attracting EU funds.

Suggested Citation

  • Alina Ligia Dumitrescu & Lucia Iordache, 2015. "Poland's Performance in Building a Sustainable Market Economy," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 7(2).
    • Handle: RePEc:iem:journl:v:7:y:2015:i:2:id:2822000009356035
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/203
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    Cited by:

    1. Iulia Monica Oehler-Sincai & Alina Ligia Dumitrescu, 2018. "The Outlook of the Economic Cooperation between China and Poland," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(3), pages 209-217, September.

    More about this item

    Keywords

    sustainable growth; European funds; European integration; Poland's trade;
    All these keywords.

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F15 - International Economics - - Trade - - - Economic Integration

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