Stabilization Policies and Structural Developments: Poland and the Crises of 1929 and 2008

Author
Zbigniew Polański
Content Type
Working Paper
Institution
Center for Social and Economic Research - CASE
Abstract
This paper contrasts the impact of the 1929 and 2008 world crises on the Polish economy. Her much better performance during the recent crisis can be explained by two groups of factors: first, by very different stabilization policies and second, by distinct structural developments (resulting both from authorities' structural policies and spontaneous processes). It is emphasized that several factors responsible for Poland's superior performance during the 2008 crisis also contributed to her economic success vis-à-vis other European Union countries.
Topic
Financial Crisis, Economic structure, Economic Growth, Global Financial Crisis, Trade
Political Geography
Europe, Poland, European Union