Poland: at the dawn of a golden age? | beyondbrics:
"Most people looking at a global economy buffeted by five years of crises and turmoil would be loath to call this a “Golden Age”. But that is just what Poland is experiencing, according to a new World Bank paper.
Marcin Piatkowski, a World Bank economist, makes the fairly convincing argument that central Europe’s largest economy is enjoying its greatest period of stability since the country appeared on the map of European history more than a thousand years ago.
The reason is the dramatic economic reforms undertaken by Poland after the end of communism in 1989 – some of the most brutal but effective changes seen in any post-communist country – which unleashed a wave of private enterprise and economic expansion that has seen Poland grow every year since 1992. That makes it the only European economy not to fall into recession over the last two decades."
'via Blog this'
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