Poland’s Economy

Case
 INTRODUCTION
 Crisis of 2008 and 2009 hit hard to all the countries across Europe except Poland
 Economy grew by 1.5 percent during 2009.
 2012 Poland’s growth rate averaged 3.4 percent per annum the best in Europe.
 In 1989, after four decades of Communist rule opened its market to international trade.
 All this helped transform Poland major exporter.
 Between 1989 and 2010, Poland recorded to 70 percent.
 The government was conservative keeping public debt check helps Poland from the crisis
 In 2009 Poland benefited from the economic stimulus in neighboring Germany, its largest
trading partner

Problems
 Even though Poland has changed from communist economy to market based one they
have yet to rid the country of the old bureaucratic socialism roadblocks that have place
may years.
 Ranked 151 in the World Bank because of its complicated and archaic regulations.
 Exacerbated by an influx of migrant working returning from Western Europe in
unemployment rate reaching 12 percent.
 Difficulty in doing business in Poland ranked 151st out 183 countries by World Bank.
 Analysis
 At the time of financial crisis 2008 and 2009, Poland was the exception whose economy
grew by 1.5 percent during 2009.
 Moreover, growth rate averaged 3.4 percent per annum the best Europe
 The main reason was communist rule which led Poland opened its market to International
trade and foreign investment and gives easy access to large consumer markets of Western
Europe.
 This was done by keeping public debt in check, not allowing it to expand during the
recession
 A tight monetary squeeze in the early 2000s helps Poland to be safe at the time of crisis.
 Still Poland faced lots of problem including migrant workers returning western Europe.
 Solutions
 Poland did the change in order to encourage International business like privatized state-
owned enterprises busting GDP in 2009 and 2010 as well passing and Entrepreneurship
Law reducing the number of health, labor, an tax controls but the Poland took time to
take decision which leads to fall in market after crisis.
 Extensive regulations that are still in place caused decrease in ranked in the world bank.
Poland would change the state owned enterprises to private enterprises thus increase in
foreign investment and market share.
 Poland embrace change but fir shorter period time. They implement the market-based
economic rule. Poland was able to keep public debt but after crisis they didn’t go well
because of short term strategy and boundaries for international business.
 Poland should keep pace along with technological change occurring globally. To be
competitive, the country must incorporate technology into its approaches for sustainable
and inclusive growth. Both will require more and better investments in innovation and
people.
 ADDITIONAL
RESARCH/LINKS
 There are some more problems facing by Poland rather than case:-
 An Aging Society Poland’s population is aging more rapidly than that of any other
European country. Thirty-five percent of the population will be over 65 by 2030,
according to the World Bank. This situation is expected to the World Bank. The situation
is expected to further tighten the Labor force and demographic shift will create labor
force constraints and strain the health care and pension systems.
 Increasing inequality As overall income levels continue to mimic those if the European
Union (EU), Poland need to address the risk of increasing inequality. The disparities
between regions are particularly significant.
 Sustainable Management of Natural Resources Poland’s growth will need resources,
and the sustainable management of natural resources, including water and air quality
management, is critical for Poland’s continued economic stability. Poland has 33of the 50
most polluted cities in Europe, and the country must invest in transitioning to a low
emissions economy for the future.

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