The Polish Growth Miracle: Outcome of Persistent Reform Efforts
Since the beginning of transition in 1990 from a centrally planned to a market oriented economy, the performance of Poland’s economy has been outstanding if we take GDP growth as our measure. It is not specific reforms that can explain this performance but the radical (“big bang”) reforms at the beginning of transition in conjunction with persistent efforts during the two decades by all governments to keep on a reform path, no matter what their political orientation. Reforming a centrally planned economy that has very serious macroeconomic disequilibria requires reforms that can be done immediately but also structural or systemic reforms that require years to implement. Both types of reforms will be discussed. In a democratic context reforms can only be undertaken in a sustained way if a majority of voters favours such reform efforts. Even when reform-friendly governments were voted out of office, the new governments in Poland never reversed reforms undertaken by the previous government. This continuous reform stance over two decades is the main cause of the Polish growth miracle. The reasons for the ability of Polish policy makers to pursue economic and administrative reforms in spite of short-run costs to large sections of society will be discussed extensively.
|Date of creation:||Apr 2012|
|Contact details of provider:|| Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany|
Phone: +49 228 3894 223
Fax: +49 228 3894 180
Web page: http://www.iza.org
|Order Information:|| Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jakubowski, Maciej & Patrinos, Harry Anthony & Porta, Emilio Ernesto & Wisniewski, Jerzy, 2010.
"The impact of the 1999 education reform in Poland,"
Policy Research Working Paper Series
5263, The World Bank.
- Kornai, Janos, 1986. "The Hungarian Reform Process: Visions, Hopes, and Reality," Journal of Economic Literature, American Economic Association, vol. 24(4), pages 1687-1737, December.
- Gérard Roland, 2002. "The Political Economy of Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 29-50, Winter.
- Boeri, Tito & Garibaldi, Pietro, 2006. "Are labour markets in the new member states sufficiently flexible for EMU?," Journal of Banking & Finance, Elsevier, vol. 30(5), pages 1393-1407, May.
- Riccardo Rovelli & Anzelika Zaiceva, 2011.
"Individual support for economic and political changes: Evidence from transition countries, 1991-2004,"
Center for Economic Research (RECent)
059, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
- R. Rovelli & A. Zaiceva, 2011. "Individual support for economic and political changes: Evidence from transition countries, 1991-2004," Working Papers wp736, Dipartimento Scienze Economiche, Universita' di Bologna.
- Gomulka, Stanislaw, 1992. "Polish Economic Reform, 1990-91: Principles, Policies and Outcomes," Cambridge Journal of Economics, Oxford University Press, vol. 16(3), pages 355-372, September.
When requesting a correction, please mention this item's handle: RePEc:iza:izapps:pp40. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Fallak)
If references are entirely missing, you can add them using this form.