The objective of the paper is (i) to help fill the gap in knowledge on the long-term economic history of Poland; (ii) to provide a new perspective to the debate on the economic future of Poland, with a special focus on its historically unprecedented post-transition growth experience; and (iii) to analyze critically long-term growth projections for Poland. The paper argues that (i) Poland has just had probably the best 20 years in its economic history, growing the fastest among all European economies and one of the fastest worldwide; (ii) by 2013, it Poland achieved levels of income, quality of life, and well-being likely never experienced before, including relative to Western Europe, a natural benchmark; and (iii) Poland is well placed to continue converging with the Western European levels of income, permanently moving from the economic periphery of Europe, where it languished for centuries, to the European economic center. The twenty-first century thus promises to become Poland's new Golden Age. The paper calls for further research on the lessons from Poland's successful growth model for other countries in the region and beyond as well as on the long-term implications of the rise of Poland for the future of Europe.
Details
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Author
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Document Date
2013/10/01
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Report Number
WPS6639
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2013/10/01
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Disclosure Status
Disclosed
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Doc Name
Poland's new golden age : shifting from Europe's periphery to its center
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Keywords
Private and Financial Sector;economic history;euro zone;real exchange rate appreciation;access to the internet;Rule of Law;purchasing power parity;foreign born population;long-term economic growth;minister of finance;euro zone level;quality of education;long-term growth;secure property right;average travel speed;socialist economic system;lack of incentive;internationally comparable data;state owned enterprise;financial sector supervision;global free trade;euro exchange rate;difference in income;worst case scenario;banking sector reform;first world war;consumption per capita;welfare of consumers;lack of focus;guarantee of employment;competitive exchange rate;high income economy;gdp growth rate;free trade zone;demographic projection;relative income;Economic Policy;global economy;downside risk;investment rate;good road;anecdotal evidence;life satisfaction;negative effect;open borders;Business Climate;demographic decline;social trust;european history;printing press;domestic saving;International Trade;monetary policy;democratic election;economic historian;Social Mobility;
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Citation
Piatkowski,Marcin Miroslaw
Poland's new golden age : shifting from Europe's periphery to its center (English). Policy Research working paper,no. WPS 6639 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/285611468107064618/Polands-new-golden-age-shifting-from-Europes-periphery-to-its-center