The Polish economic transition: outcome and lessons

Slay, Ben

doi:10.1016/s0967-067x(99)00025-2

Cited by 16 publications

(7 citation statements)

References 8 publications

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“…In general, the findings of this analysis are not entirely unexpected. Evidence of housing problems existed prior to the economic reforms in 1989 (Weclawowocz, 1985) and others have noted the negative impact of the economic and political transition on women and families (Bystydzienski, 1995;Slay, 2000). However, this study identifies those who were most likely to experience difficulties and it is clear from this analysis that those who were experiencing difficulties in 1993 were likely to continue having problems in 1998.…”

Section: Discussion and Implications For Social Services In Polandmentioning

confidence: 71%

“…According to Slay (2000), Poland ''has become one of Eastern Europe's biggest success stories' ' (p. 51). During the 1990s the Polish economy was one of the strongest in Central Europe (Slay, 2000) with annual growth of the gross domestic product (GDP) averaging 5.5% per year in the second half of the 1990s (Valentia, 2001). Equally important was the decrease in inflation to single digits and the increased availability of western goods.…”

Section: Introductionmentioning

confidence: 99%

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The Impact of the Economic Transition in Poland on Vulnerable Populations

2005

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The economic changes that began with the fall of communism in 1989 have helped Poland to establish one of the strongest economies in Eastern Europe today. Not all parts of society have benefited equally from the positive economic picture however. Those who are unemployed, living on a pension, single parents, or residents of rural communities are at risk of living in poverty in Poland's new economic environment. This paper assesses the views of people in these four groups in terms of their perceived need for basic necessities (money for food, rent, and medicine) and for luxury activities (culture, relaxation, and education). The findings have implications for social welfare policies and services in Poland.

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Section: Discussion and Implications For Social Services In Polandmentioning

confidence: 71%

Section: Introductionmentioning

confidence: 99%

The Impact of the Economic Transition in Poland on Vulnerable Populations

2005

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“…20 The assistance of the International Monetary Fund (IMF), the World Bank, Western governments, and other international financial organisations in implementing the Balcerowicz Plan is also strongly emphasised by Slay. 21 Using Tamilina and Tamilina's 22 classification of institutional dimensions, one may say that the Polish Bank Privatisation Fund (PBPF) that was set up by donor countries to provide recapitalisation support was a kind of structural institution.…”

Section: Literature Reviewmentioning

confidence: 99%

Ownership Transformations in a Post-Transition Economy: Which Institutions Matter? Evidence from the Polish Banking Sector

Klepczarek

Wieczorek

2023

East European Politics and Societies: and Cultures

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In this article, we investigate what kind of institutions affect bank ownership transformations in a post-transition economy. We use statistical data concerning mergers and acquisitions in the Polish banking sector over the thirty years since the political transformation. Our results indicate the significant role of political and cultural institutional dimensions in stimulating ownership transformation. The importance and current deficits in explaining Polish banking ownership transformations are evaluated through institutional analysis, emphasising the path dependence role and the critical junctures that influence the development of institutions. Identifying which institutions matter the most is crucial for post-reform economies when selecting the most effective policies. Classification codes G21, G32, G34

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“…Gavin Rae nomic growth, but it also resulted in the balance of trade deficit shifting from a surplus of 451.2m zloty in 1971 to a deficit of 8.9m zloty in 1975, with foreign debt growing from $1.2bn to $7.6bn during the same period (Slay, 2000).…”

Section: Public Debt During Communismmentioning

confidence: 99%

Public Debt and Its Impact on the Polish Economy and Society

Rae

2016

JMBA.CE

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Purpose: To analyse the issue of public debt in Poland and examine its effect on other areas of socio-economic life as well as government policy. Approach:The question of public debt is placed in its historical context by looking at how it grew during the Communist system and influenced the transition period. The article draws on a range of secondary economic statistics and considers in detail a number of public policy issues, such as the reform of the pension system. Findings:One result of the large debt incurred by the end of the 1970s was that Poland became indebted to creditors in the West. This dependency helped to shape its economic policy at the end of the 1980s. The transition to a market economy placed new burdens on the country's public services, primarily due to the resulting large deactivation of labour. Furthermore, the creation of a compulsory private pension system at the end of the 1990s diverted significant funds out of the government's budget and swelled the country's public debt. Since the outbreak of the economic crisis, Poland has avoided a recession by increasing public investment by utilising available European Union funds. However, due to internal and external limits on the size of its public debt, the government is being pressured to reduce this spending. In order to create more fiscal room, the government has partly dismantled the compulsory private pension system as a short-term solution to the growing debt crisis.Value: In the wake of the global financial crisis and economic turmoil in the European Union, the matter of public debt has taken on increased importance. This paper considers this question from a long-term perspective in a country that has been relatively successful during the international economic downturn. By examining public debt from this broad perspective, we can better understand the economic situation in Poland and the European Union, whilst also shedding light on some of the surrounding academic perspectives and public policy debates.

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The Polish economic transition: outcome and lessons

Abstract: This article provides an overview of, and draws conclusions about, Poland's economic transition during the 1990s. Special attention is paid to macroeconomic and external developments, privatization, and the lessons of the Polish experience for other transition economies.

Cited by 16 publications

References 8 publications

The Impact of the Economic Transition in Poland on Vulnerable Populations

The Impact of the Economic Transition in Poland on Vulnerable Populations

Ownership Transformations in a Post-Transition Economy: Which Institutions Matter? Evidence from the Polish Banking Sector

Public Debt and Its Impact on the Polish Economy and Society

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