This site collects anonymous statistical data on navigation through cookies installed by authorized third parties, respecting privacy of your personal data and in accordance with standards established by law. By continuing to browse this site, clicking on links in it or simply shaking the page down, you agree to the service and the same cookie.

A+ A A-
08-01-2014

Poland , between dynamism and growth

Rate this item
(9 votes)
image by library.thinkquest.org image by library.thinkquest.org

Occupied and subjugated several times over the last century , Poland is now one of the most virtuous nations of the European continent, with its economy growing, since 1989, 177% , the only one never to have experienced periods of recession.

The origins of this real "miracle" to be found, in my opinion, the conviction with which the ruling class Polish prevailing after the collapse of the Soviet regime brought forward structural policies for the transformation of the planned economy, which at that time characterized the economic life of all countries orbiting in Moscow, in a market economy.

For this reason, the price controls were eliminated, public salaries were frozen, trade was liberalized and allowed the exchange rate of the national currency to float freely.

They were certainly radical reforms and difficult to digest and , at least initially , led to a veritable explosion of unemployment, as well as the drastic collapse of the national GDP, fell by nine percentage points in 1991 alone .

Still, these were reforms that, in the long run, were not slow to bear fruit since then , in fact , the population at risk of poverty has increased from 45 % to 26 %, unemployment is stable at 7 %, while the rate of annual growth, contrattosi of 4.5 % across the Eurozone, rose in 2009 to 1 .6 %.

These data , then , also add to a less oppressive tax burden compared to other states of the European quadrant , which led to the creation of highly skilled labor and the subsequent employment of young Poles in numerous high-profile corporations came to investing in the country , as well as the advantage of having a system of value added tax type variable , low on staples and high regard to luxury goods ( the cost of alcohol , for example, suffers from exactly one ' VAT at 23%), to understand the reasons for the sudden economic success of Poland.

A success , among other things, that many merits must , as already mentioned above, the ability of its leaders , first and foremost, the current prime minister, Donald Tusk, already elected for the first time in 2007, then re-elected in 2011, which, to fill the void left by European and American markets, in those years affected by a severe economic crisis, has directed his government towards the development of the internal market, since then grown by 2 percentage points today, the economic engine of the country is linked to the small and medium enterprises, as well as that linked to the export sector , with a strong low-cost labor that the potential competitive advantage.

The production, therefore, is entirely focused on the role of Polish Families within the national context , the element that is that among the many merits was that of having given birth to an economy less dependent on international capital , which is why the country has well withstood the financial troubles of the past five years.

Thanks to the strength of the national economy, Warsaw has been able to field new resources to further attract foreign investors , first of all those Italians , in recent years, for example , was developed at the Workshop Italo- Polish held in Rome , between the then Deputy Minister of Economy Poland, Adam Szejnfeld , and his Italian counterpart, Adolfo Urso, an investment plan for a new partnership between the public and private sectors, with a particular fondness for the energy sector, in field of renewable energy.

Always Szejnfeld , during the same meeting, he also reminded how important it is to Italy for the Polish economy , with 1,000 companies active in the area, including Unicredit (which has recently taken over the Bank Pekao SA, the second bank of the country), Ferrero, Fiat (the production of the 500, in fact, was entirely transferred in Tychy, Silesia) and Indesit .

Yet, as someone already had the opportunity to say a long time ago, "is not all gold that glitters".

The success of Polish is about so prudent policy choices , but also of substantial economic aid from Brussels have filled the coffers of Warsaw between 2007 and 2013, in fact, Poland is configured as the largest recipient of funds Europe, receiving more than 100 billion euro , used for the construction of roads, highways, ports, airports and major infrastructure (which, in these figures, we want to add the funds arrived for the organization of the European Football Championship 2012, set up together with neighboring Ukraine).

The same Tusk, according to recent polls conducted by The Economist, then, has seen his popularity slump from 40% to 22% , most likely due to the slowdown in domestic economic growth, a problem that, in a country that still ranks among the poorest of the Union, is certainly a very salient issue.

According to estimates by the Financial Times, in fact, in the first quarter of 2013, the Polish economy grew by only 0.5% , making several times a fear his sudden arrest.

To create more fear, then, the state of public finances: the Polish public debt is approaching 55% of GDP, while the deficit ( when the amount of money spent is greater than the amount of money collected ) is set to increase to 4.2 % (a good result, if you count that in 2009 it was at an altitude of 7.4 %), too much to European standards.

Despite this, however, the Polish economic system seems stable and does not seem to be the prerequisites for its contraction, indeed , growth for 2014 is expected at 2.5 %, despite the Polish central bank will continue to pursue a monetary policy with very high rates, 2.5%, to contain inflation.

More worrying is the domestic political landscape : Tusk if it does not recover the ground lost in recent times , the parliamentary elections of 2015 could play a bad joke to his Civic Platform (Platforma Obywatelska) , particularly in view of the rapid rise of Law and Justice (Prawo i Sprawiedliwość) education policy right , conservative and eurosceptic , stable at 31 % of the vote, which will have much to say in the upcoming European elections.

In that case, then, you might witness a new geopolitical upheaval.

© All rights reserved

Stefano Ricci

Degree in Political Sciences and International Relation, University of Rome “La Sapienza”.

Master degree in Political Science, with a graduation thesis on the theories of power in the contemporary age, their call into question and the proposition of new politological standards.

With a specialization in terrorism and counterterrorism, he enrolled a second level university master’s degree in Geopolitics and global security.

Geopolitical analyst, former collaborator of the ISTRID – Istituto Studi Ricerche Informazioni Difesa and of many others geopolitical newspapers, he focuses his attention on the East-Central area of the european continent, the implication of terrorism in the modern world and the rise of the new nationalisms.

Geoeconomia

Eversione e Terrorismo

Geopolitica

Risorse Energetiche

Cyber Warfare

Copyright CEOS 2012 - 2015. All rights reserved.