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A Transitional Analysis of the Polish Economy: After Fifteen Years, Still a "Work in Progress"

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  • Hunter Richard J.

    (Professor of Legal Studies, Stillman School of Business, Seton Hall University)

  • Ryan Leo V.

    (Professor and Dean Emeritus, Kellstadt Graduate School of Business, DePaul University)

Abstract

This article takes a critical view at the process of economic change and transformation in Poland since 1989. Its describes the creation and implementation of these changes, initially referred to as the Balcerowicz Plan, in the decidedly negative context of the system of central planning. The article takes a detailed look at growth, international trade, privatization, and foreign direct investment, as well as outlining some "persistent negatives" such as transition costs, technology and infrastructure lapses, and inflation. It concludes with possible suggestions for Poland's future as a full member of the EU, participating in the euro-- perhaps as early as 2008 or 2009.

Suggested Citation

  • Hunter Richard J. & Ryan Leo V., 2005. "A Transitional Analysis of the Polish Economy: After Fifteen Years, Still a "Work in Progress"," Global Economy Journal, De Gruyter, vol. 5(2), pages 1-19, June.
    • Handle: RePEc:bpj:glecon:v:5:y:2005:i:2:n:6
    DOI: 10.2202/1524-5861.1061
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    Cited by:

    1. Deslatte, Aaron & Szmigiel-Rawska, Katarzyna & Tavares, António F. & Ślawska, Justyna & Karsznia, Izabela & Łukomska, Julita, 2022. "Land use institutions and social-ecological systems: A spatial analysis of local landscape changes in Poland," Land Use Policy, Elsevier, vol. 114(C).
    2. Richard J. Hunter Jr. & Leo V. Ryan & C.S.V., 2015. "Ten Years of Polish Membership in the European Union: An Update and an Appraisal," Quarterly Journal of Business Studies, Research Academy of Social Sciences, vol. 1(4), pages 130-140.
    3. Cezary Smuniewski & Ilona Urych & Andrea Zanini, 2021. "The Principles of Economic Transformation in Poland after 1989 According to President Lech Wałęsa: A Research in Economics and Security Studies," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 1227-1242.

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