Stabilization and Structural Adjustment in Poland

ISBN-13: 9780415100243 / Angielski / Twarda / 1993 / 328 str.

Professor Henryk Kierzkowski; Marek Okolski; Stanislaw Welliss

Opis

On attaining office in Autumn 1989, the Solidarity-led government in Poland faced two enormous tasks. First was the restoration of stability to an economy prone to hyperinflation; second, was the replacement of a crumbling command system in favour of a market mechanism, in a country whose market institutions had been destroyed under 40 years of communist rule. Stabilization and Structural Adjustment in Poland recounts the events of this period and the course taken by the new government. The authors analyze the issues involved and their significance for the transition process in Poland and elsewhere. The book is divided into four parts. Part 1 outlines the economic and intellectual climate prior to the introduction of the government's bold plan. Named the Balcerowicz Plan, after its chief architect, this aimed to liberalize and stabilize the economy simultaneously. Part 2 examines the macroeconomic situation in this period. The authors discuss the initial improvements - the improved balance of trade, the accumulation of foreign reserves and the increase in the external value of the zloty. These developments, however, were short lived, and the macroeconomy soon began to decline.

Spis treści

Introduction; Part 1 The Transition Process: An Overview; Chapter 1 The Polish Economy on the Eve of the Solidarity Take-Over, Andrzej Kondratowicz, Marek Okolski; Chapter 2 The Polish Economy 1989–1991, Stanislaw Wellisz, Henryk Kierzkowski, Marek Okolski; Part 2 Macroeconomic Issues; Chapter 3 Banking, Credit and Monetary Policy, Ryszard Kokoszczynski, Andrzej Kondratowicz; Chapter 4 Tax Reform, Peter Mieszkowski, Izabela Bolkowiak, Donald Lubick, Hanna Sochacka-Krysiak; Chapter 5 The Opening Up of the Polish Economy, Jan Jakub Michalek; Part 3 Structural Problems; Chapter 6 The Labour Market, Mieczyslaw W. Socha, Urszula Sztanderska; Chapter 7 Transition to a Market Economy: Some Industrial Organizational Issues, Maciej Iwanek, Janusz A. Ordover; Chapter 8 Privatization, Stanislaw Wellisz, Maciej Iwanek, Marek Bednarski; Chapter 9 Transforming Poland's Industry, Andrzej Lubbe; Chapter 10 Polish Agriculture During the Transition Period, Andrzej Kwiecinski, Antoni Leopold; Part 4 Social Issues; Chapter 11 Public Health and Social Security, Katarzyna Tymowska, Marian Wisniewski; Chapter 12 Problems of the Environment, Tomasz Zylicz;

O autorze

Henryk Kierzkowski is the Deputy Chief Economist at the European Bank for Reconstruction and Development, London, and is also Professor of Economics at the Graduate Institute of International Studies in Geneva;,
Marek Okolski is Professor and Director of the Polish Policy Research Group, Warsaw University;,
Stanislaw Wellisz is Professor of Economics at Warsaw University and at Columbia University, New York.