OECD Economic Surveys: Poland

Frequency :
Tous les 18 mois
ISSN :
1999-060X (en ligne)
ISSN :
1995-3542 (imprimé)
DOI :
10.1787/1999060x
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OECD’s periodic surveys of the Polish economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

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OECD Economic Surveys: Poland 2004

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Anglais
Auteur(s):
OCDE
Date de publication :
06 jui 2004
Pages :
220
ISBN :
9789264016095 (PDF) ; 9789264016088 (imprimé)
DOI :
10.1787/eco_surveys-pol-2004-en

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While Poland has undergone major change in the last decade, in this 2004 review of Poland’s economy, OECD finds that much needs to be done to facilitate convergence with the rest of Europe.  OECD proposes a comprehensive programme of reform covering an unsustainably large fiscal deficit, widespread unemployment, weak investment performance, and slow rural restructuring.  This edition’s special feature covers the labour market.

Egalement disponible en: Français

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  • Assessment and Recommendations

    Poland’s accession to the European Union on 1st May 2004 marks a turning point in its economic and political history. It follows 15 years of profound change and accomplishment. More than 75 per cent of GDP is now produced in the private sector, the economy is well integrated with those of western European nations and inflation has been brought down to low levels. After an initial fall, output has been growing continuously for more than 10 years and, on average, Poles are much better off now than they were then. However, the striking drop in employment since 1998 is suggestive of serious remaining problems. To address ...

  • The Challenge of Regaining Sustainable and Fast Growth

    Poland acceded to the European Union on 1 May 2004, following 15 years of economic and political transition. Its achievements over this period are many, both on the legal/institutional and economic fronts. In addition to the EU, it has gained membership in NATO, the WTO and the OECD; trade with western Europe and the rest of the OECD has flourished, increasing 300 per cent since 1990; a booming service sector has emerged, where virtually none existed before; price stability has begun settling-in after years of double digit inflation; and, most recently, the deficit of the current account has been reduced to sustainable levels. Notwithstanding these achievements, as Poland embraces to EU membership a number of challenges remain: ensuring the sustainability of public finances, increasing employment from current excessively low levels, restoring investor’s confidence in the economy and speeding restructuring, notably within the agricultural sector. Meeting each of these challenges ...

  • Towards a Sounder Macroeconomic Policy Mix

    Macroeconomic policy has played a key role in Poland’s economic transition by helping to establish the kind of stability and predictability that are essential to economic growth. As a result, high inflation has been brought down to low levels and kept there for several years. On the fiscal front, after successfully negotiating a restructuring of its debt, Poland has successfully avoided generating the kind of major crises experienced by many other transition economies. As a consequence, viewed over the whole transition period, the exchange rate has remained relatively stable and the value of domestic savings and foreign investments have been preserved. Notwithstanding these achievements repeated budgetary overruns have led to ...

  • Policies to Raise Employment

    As the discussion in Chapter 1 indicated, improving the functioning of the labour market is a top economic and social priority for Poland. To increase employment levels policy will need to focus on reducing significantly the inactivity traps inherent in the Polish personal transfer system, while improving the efficiency and targeting of social transfers to ensure resources flow to those truly in need. Simultaneously, efforts must be extended to increase firms’ propensity to hire the out of work, by lowering the costs of low-skill labour, reducing associated administrative and regulatory costs and ...

  • Policies to Speed Convergence

    Poland has made substantial progress towards establishing a vibrant economy, where private entrepreneurs are able to pursue opportunities with growing support from legal institutions and in an environment where regulatory and administrative burdens are declining. The private-sector now produces some 75 per cent of GDP; there are over 1.7 million active independent firms and the Polish stock market is the most active and largest in Central Europe. The transition to a market economy has been facilitated by major changes to laws governing capital and product markets, and efforts to improve the regulatory framework. However, despite substantial accomplishments over the past decade and a half, problems persist. Investment levels, though rising rapidly in recent years, are low relative to other emerging economies and have been declining, productivity levels are low and a large and ...

  • Sustainable Development in Poland

    There is growing concern that long-run sustainable development may be compromised unless measures are taken to achieve balance between economic, environmental and social outcomes. This chapter looks at three specific issues of sustainable development that are of particular importance for Poland: climate change, air pollution and sustainable retirement income. In each case, indicators are presented to measure progress and the evolution of potential problems, and an assessment is made of government policies that affect each issue. The chapter also considers ...

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