This edition of OECD's periodic review of Poland's economy finds that growth has strengthened again in Poland, but that higher rates of investment, further structural change, and improved labour and education policies are required to sustain this growth. After analysing the key economic challenges Poland faces, this Survey assesses monetary and exchange rate policies, examines what is needed to achieve fiscal sustainability, and looks at how Poland can boost and adapt human capital through improved education. It closes with at chapter on structural adjustment covering sectoral reallocation, entrepreneurship and innovation, and labour market reform.Click to Access:
- 29 June 2006
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Although inflation appears to have been controlled, and at least moderate economic growth has resumed, Poland faces important macroeconomic challenges in ensuring fiscal sustainability and aligning fiscal and monetary policy with the requirements for adoption of the euro. Its labour market performance is the worst in the OECD, with both low participation and high unemployment. Aspects of social and labour market policy and a poor business environment, including pervasive public ownership and weak framework conditions for entrepreneurship and innovation, seem to be behind this sub-standard performance. Although the education system has seen important progress over the last 15 years, there remain a number of areas where pursuing further reform in human capital development could contribute to improved labour market outcomes, faster productivity growth and greater equity.
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