Reply With QuoteYes, a Catholicist Right-Wing mentality is quite productive economically (especially because it was created from a deep hatred of communism). But Poland has always been a rather unique case in Eastern Europe.
Poland: Horse power to horsepower
Economic growth and a strong, stable government to boot: time to rethink old notions about Poland.
OUTSIDERS often have fixed ideas of Poland: a big, poor country with shambolic governments, dreadful roads and eccentric habits. Old stereotypes die hard, but the facts paint an increasingly different picture. By the grim standards of recent centuries, Poland has never been more secure, richer or better-run.
It was the only country in the European Union to register economic growth last year, at 1.2%. As Jacek Rostowski, Poland’s finance minister, likes to point out, GDP per head rose from 50% to 56% of the EU average in 2009—a record jump. By the same (somewhat flattering) measure, which adjusts for the greater purchasing power arising from lower prices, Poland now has Europe’s sixth-biggest economy.
Foreign investors like what they see. Whereas supposedly “west” European countries such as Greece flounder, ex-communist Poland is borrowing cheaply, for example with a $4.3 billion (€3 billion) Eurobond issue this month. Lenders’ generosity allowed the government to run a budget deficit of 7% of GDP in 2009 (though officials promise that a new public-finance law will cut spending growth sharply in the years ahead).
These good results owe much to luck. Poland’s stodgy banks came late to the wild foreign-currency lending that proved so disastrous in such countries as Latvia and Hungary. Poland’s big internal market has cushioned demand. Stimulus measures in Germany have spilled across the border. But the country has also benefited from some canny political leadership. Poland has something rare in the EU and all but unique in its ex-communist east: a sensible centre-right government with a majority in parliament.
More:
http://www.economist.com/world/europ...ry_id=15394158
Yes, a Catholicist Right-Wing mentality is quite productive economically (especially because it was created from a deep hatred of communism). But Poland has always been a rather unique case in Eastern Europe.
not really.. enrichment is not really a catholicist idea so neither is entrepreneurship. That's why protestant country did have an industrial advance in Europe.
Yeeeee...... but we still are one of the poorest European country.
@ grogreg :
yes, with less expensive manpower.. that's why your economy is growing..
Originally Posted by Andarius-Militarius
Twenty years ago most Poles felt that they're worse (poorer) than people in "Old Europe". Since then most my countrymen in Poland and abroad believe in only belief: getting rich. The greed and consumption has only one aim to prove (mainly ourselves) that we are European and Western becouse since the las two centuries there has not been better international situation which really allow us to getting rich not fighting for our independence. We must hurry up because such occasion could not happen in he future.
In fact our economy is growing because, in some extent, of our backwardness and distrust to bank system and its offer and what's more important - the rate of unregistered business and black labor. When recession is over we will develop in average European rate.
In fact it was 1.7%.It was the only country in the European Union to register economic growth last year, at 1.2%.
Source: http://www.wbj.pl/article-48261-pola...9.html?typ=pamPoland's GDP grew 1.7% in 2009
29th January 2010
Poland's gross domestic product (GDP) grew 1.7% in 2009, slowing from the 2008 growth rate of 5%.
“It's exceptionally satisfying that the prognosis, on which we based our saving and spending plan in the first half of the year, turned out to be so accurate,” said Finance Minister Jacek Rostowski. Following the fallout from the global economic crisis, the government changed its GDP growth predictions for 2009 from 3.8% to 1.7% early last year.
Investment fell 0.3% in 2009 while domestic demand declined 0.9%. Prime Minister Donald Tusk will present his “Financial Development and Consolidation Plan” Friday.
Exactly. BTW, Europe’s sixth-biggest economy does not look like a miracle for such a big country. Appropriate place, may be.
How about Ireland?
A bit outdated today, isn´t it? Every reform has its counterreform, and Max Weber was answered by Opus Dei last century.
Ireland? We're fvcked, but look at Italy for entrepeneurs
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