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A Two-thirds Rate of Success: Polish Transformation and Economic Development, 1989-2008

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  • Kolodko, Grzegorz W.
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    Abstract

    Progress in achieving institutional changes should be evaluated through the prism of their influence on the development abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any other postsocialist country. To judge the transformation progress, it is not enough to review improvements in competitiveness or in growth in terms of quantity, but also social and cultural aspects should be taken into account. In Poland, there have been five distinct periods from the viewpoint of economic growth. Had there been a better policy coordination of systemic change and socioeconomic development, GDP growth over the periods considered could have increased by more than half. This opportunity was missed because of the intermittent implementation of wrong economic policies based on wrong economic theories. Poland.s transformation can be seen as a success, but only to the extent of

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    File URL: http://www.wider.unu.edu/stc/repec/pdfs/rp2009/RP2009-14.pdf
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    Bibliographic Info

    Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number UNU-WIDER Research Paper RP2009/14.

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    Length: 26
    Date of creation: 2009
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    Handle: RePEc:unu:wpaper:rp2009-14

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    Keywords: transformation; economic growth; development; institutions; economic policy; postcommunist period; Poland;

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    1. Vladimir Popov, 2006. "Shock Therapy Versus Gradualism Reconsidered: Lessons From Transition Economies After 15 Years Of Reforms," Working Papers w0068, Center for Economic and Financial Research (CEFIR).
    2. Kolodko, Grzegorz W & McMahon, Walter W, 1987. "Stagflation and Shortageflation: A Comparative Approach," Kyklos, Wiley Blackwell, vol. 40(2), pages 176-97.
    3. Gérard Roland, 2004. "Transition and Economics: Politics, Markets, and Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 026268148x, December.
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    Cited by:
    1. Kolodko, Grzegorz W., 2010. "The Great Transformation 1989-2029: Could It Have Been Better? Will It Be Better?," Working Paper Series wp2010-40, World Institute for Development Economic Research (UNU-WIDER).

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