Poland's Jump to the Market Economy
By (author) Jeffrey D. Sachs
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Poland's Jump to the Market Economy by Jeffrey D. Sachs
Book DescriptionIn Poland's jump to the Market Economy, Jeffrey Sachs provides an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy. The greatest challenges to economic reform, Sachs points out, have been primarily political in nature, rather than social or even economic.Sachs reviews Poland's striking progress since the start of the economic reforms three years ago, which he helped to design. He discusses the gains - more than half of employment and GDP is now in the private sector, exports to Western Europe have more than doubled, and economic growth and confidence are returning - as well as the serious problems that remain - high unemployment, a chronic fiscal deficit, the slow pace of privatization of large industrial enterprises, and the fragility of multiparty coalition governments.Sachs points out that leadership is crucial to economic reform in a newly democratic setting, as is the West's timely economic assistance. In Poland's case, the Zloty Stabilization Fund and the two-stage debt cancellation have been essential to keeping the reform program on track.Poland's example has had a powerful impact on reforms throughout the region, including the former Soviet Union, and has done much to dispel the fear that the citizens themselves, allegedly made lazy by decades of socialism, would reject the competitive rigors of a market economy. Overall, Sachs remains firmly convinced of the potential for successful economic reforms. in Poland and the rest of the region.Jeffrey Sachs is Galen L. Stone Professor of International Trade at Harvard University, and has been an economic advisor to more than a dozen countries around the world, including Bolivia, Mongolia, Poland, and Russia.
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Book DetailsISBN: 9780262691741
(203mm x 136mm x 7mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 4-Oct-1994
Country of Publication: United States
Books By Author Jeffrey D. Sachs
New Economic Growth Engine for China: Escaping the Middle-Income Trap by Not Doing More of the Same, Paperback (October 2012)
From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. This book covers a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.
Price of Civilization, Paperback (October 2012)» View all books by Jeffrey D. Sachs
Sets out a bold and provocative, yet responsible and achievable, plan; and reveals why we must - and how we can - change our economic culture in this time of crisis. This book is a masterful roadmap for prosperity, a programme designed to bridge divides and provide a way forward that we - and our leaders - ignore at our peril.
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