Poland's jump to the market economy : based on the Lionel Robbins Memorial Lectures delivered at the London School of Economics, January 1991 / Jeffrey Sachs.

Format:

Book

Author/Creator:

Sachs, Jeffrey, author.

Series:

Lionel Robbins lectures.

Lionel Robbins Lectures

Language:

English

Subjects (All):

Capitalism--Poland.

Capitalism.

Poland--Economic policy--1981-1990.

Poland.

Poland--Economic conditions--1981-1990.

Physical Description:

1 online resource (xv, 126 p. ) ill. ;

Place of Publication:

Cambridge : MIT Press, 1994.

Language Note:

English

Summary:

an insider's analysis of the political events and economic strategy behind the country's swift transition to capitalism and democracy In 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.

Notes:

Includes bibliographical references (p. [119]-122) and index.

Library Journal Best Books

Bibliographic Level Mode of Issuance: Monograph

OCLC-licensed vendor bibliographic record.

ISBN:

0-262-32620-5

0-262-28279-8

0-585-10541-3

OCLC:

1076490842