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Poland's Jump to the Market Economy


  • Jeffrey Sachs

    () (Columbia University)


In Poland's Jump to the Market Economy, Jeffrey Sachs provides an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy. Sachs reviews Poland's striking progress since the start of the economic reforms three years ago, which he helped to design. He discusses the gains - more than half of employment and GDP is now in the private sector, exports to Western Europe have more than doubled, and economic growth and confidence are returning - as well as the serious problems that remain.

Suggested Citation

  • Jeffrey Sachs, 1994. "Poland's Jump to the Market Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691744, January.
  • Handle: RePEc:mtp:titles:0262691744

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    References listed on IDEAS

    1. Van Wijnbergen, Sweden, 1986. "On fiscal deficits, the real exchange rate and the world rate of interest," European Economic Review, Elsevier, vol. 30(5), pages 1013-1023, October.
    2. Tabellini, Guido & Alesina, Alberto, 1990. "Voting on the Budget Deficit," American Economic Review, American Economic Association, vol. 80(1), pages 37-49, March.
    3. Tobin, James, 1969. "A General Equilibrium Approach to Monetary Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(1), pages 15-29, February.
    4. Sutherland, Alan, 1997. "Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?," Journal of Public Economics, Elsevier, vol. 65(2), pages 147-162, August.
    5. Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," Review of Economic Studies, Oxford University Press, vol. 32(2), pages 137-150.
    6. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 327-368.
    7. Uzawa, H, 1969. "Time Preference and the Penrose Effect in a Two-Class Model of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 77(4), pages 628-652, Part II, .
    8. van Wijnbergen, Sweder, 1987. "Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 691-706, October.
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    Cited by:

    1. repec:bla:stratm:v:38:y:2017:i:2:p:203-231 is not listed on IDEAS
    2. Alwasiak, Stanislaw & Lewandowska-Kalina, Monika & Kalina, Lech & Kowalewski, Oskar & Mozdzen, Michal & Rybinski, Krzysztof, 2013. "What Determines State Capture in Poland?," MPRA Paper 47057, University Library of Munich, Germany.
    3. Fátima Moura Roque & Maria Paula Fontoura*, 1996. "Sequencing, Intensity and Duration of Economic Transformation in Angola," South African Journal of Economics, Economic Society of South Africa, vol. 64(3), pages 188-199, September.
    4. Christian von Hirschhausen, 1996. "Lessons from Five Years of Industrial Reform in Post-Socialist Central and Eastern Europe," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 65(1), pages 45-56.
    5. Tomasz Mickiewicz & Anna Zalewska, 2002. "Deindustrialisation. Lessons from the StructuralOutcomes of Post-Communist Transition," William Davidson Institute Working Papers Series 463, William Davidson Institute at the University of Michigan.
    6. Jan Witajewski-Baltvilks, 2016. "Catching up in Czech Republic, Hungary and Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 47(4), pages 319-340.
    7. Dominick Salvatore, 2001. "The Problems of Transition, EU Enlargement, and Globalization," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 28(2), pages 137-157, June.

    More about this item


    Poland; market economy; transition economy;

    JEL classification:

    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe


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