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Three Decades of Polish Socio-Economic TransformationsPoland: Economic Reforms Under Extraordinary and Normal Politics—An Insider’s View

Three Decades of Polish Socio-Economic Transformations: Poland: Economic Reforms Under... [The chapter starts with the specificity of the socialist institutional system and that of the transition after its collapse. I distinguish two political situations during this transformation: the extraordinary politics and the normal politics. I acted as deputy prime minister responsible for the economy in both of these periods. The first lasted from September 1989 to December 1991 and included radical macroeconomic stabilisation and comprehensive liberalisation of the economy. The second took place between October 1997 and June 2000. Despite less favourable political conditions, we have managed, among other things, to accelerate privatisation of the economy, to introduce comprehensive pension and health reforms, and to substantially reduce excessive employment in coal mines. The chapter stresses the importance of speed and of a cohesive, competent group with a clear leadership as a basic condition for the successful economic reform.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Three Decades of Polish Socio-Economic TransformationsPoland: Economic Reforms Under Extraordinary and Normal Politics—An Insider’s View

Part of the Economic Geography Book Series
Editors: Churski, Paweł; Kaczmarek, Tomasz
Balcerowicz, Leszek
Three Decades of Polish Socio-Economic Transformations — Aug 28, 2022
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Publisher
Springer International Publishing
Copyright
© Springer Nature Switzerland AG 2022
ISBN
978-3-031-06107-3
Pages
3 –18
DOI
10.1007/978-3-031-06108-0_1
Publisher site
See Chapter on Publisher Site

Abstract

[The chapter starts with the specificity of the socialist institutional system and that of the transition after its collapse. I distinguish two political situations during this transformation: the extraordinary politics and the normal politics. I acted as deputy prime minister responsible for the economy in both of these periods. The first lasted from September 1989 to December 1991 and included radical macroeconomic stabilisation and comprehensive liberalisation of the economy. The second took place between October 1997 and June 2000. Despite less favourable political conditions, we have managed, among other things, to accelerate privatisation of the economy, to introduce comprehensive pension and health reforms, and to substantially reduce excessive employment in coal mines. The chapter stresses the importance of speed and of a cohesive, competent group with a clear leadership as a basic condition for the successful economic reform.]

Published: Aug 28, 2022

Keywords: Stabilisation; Reforms; Post-socialist transition; Liberalisation; Hyperinflation; Foreign debt; Public finance; Exchange rate

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