Poland's New Golden Age : Shifting from Europe's Periphery to its Center

The objective of the paper is (i) to help fill the gap in knowledge on the long-term economic history of Poland; (ii) to provide a new perspective to the debate on the economic future of Poland, with a special focus on its historically unprecedented post-transition growth experience; and (iii) to analyze critically long-term growth projections for Poland. The paper argues that (i) Poland has just had probably the best 20 years in its economic history, growing the fastest among all European economies and one of the fastest worldwide; (ii) by 2013, it Poland achieved levels of income, quality of life, and well-being likely never experienced before, including relative to Western Europe, a natural benchmark; and (iii) Poland is well placed to continue converging with the Western European levels of income, permanently moving from the economic periphery of Europe, where it languished for centuries, to the European economic center. The twenty-first century thus promises to become Poland's new Golden Age. The paper calls for further research on the lessons from Poland's successful growth model for other countries in the region and beyond as well as on the long-term implications of the rise of Poland for the future of Europe.

Bibliographic Details

Main Author:	Piatkowski, Marcin
Language:	English en_US
Published:	World Bank, Washington, DC 2013-10
Subjects:	AGRICULTURAL GROWTH, AGRICULTURE, AVERAGE INCOME, AVERAGE LEVEL, BANK OFFICE, BENCHMARK, BUSINESS CLIMATE, CENTRAL BANK, CITIZENS, COMPARATIVE ADVANTAGE, COMPETITIVE EXCHANGE, COMPETITIVE EXCHANGE RATE, COMPETITIVENESS, CONSUMERS, CRAFTSMEN, CRISES, CURRENCY, CUSTOMER SERVICE, DEBT, DEMOGRAPHIC, DEMOGRAPHIC CHANGES, DEMOGRAPHIC PROJECTIONS, DEMOGRAPHIC TRENDS, DEPOSITS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPMENT POLICY, DEVELOPMENT REPORT, DEVELOPMENT STRATEGY, DOMESTIC MARKET, DOMESTIC SAVINGS, DOWNSIDE RISKS, ECONOMIC CHANGE, ECONOMIC COOPERATION, ECONOMIC DECLINE, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC HISTORIANS, ECONOMIC HISTORY, ECONOMIC LITERATURE, ECONOMIC OUTLOOK, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIC POLICY, ECONOMIC POWERS, ECONOMIC PROJECTIONS, ECONOMIC REFORMS, ECONOMIC STAGNATION, ECONOMIC STATISTICS, EMERGING MARKETS, EMPLOYMENT, EXCHANGE RATE, EXPORTS, EXPOSURE, FINANCIAL SECTOR, FINANCIAL SECTOR DEVELOPMENT, FOREIGN CAPITAL, FOREIGN TRADE, FREE TRADE, FUTURE RESEARCH, GDP, GDP PER CAPITA, GLOBAL ECONOMICS, GLOBAL ECONOMY, GLOBAL POPULATION, GROWTH MODEL, GROWTH MODELS, GROWTH PROJECTIONS, GROWTH PROSPECTS, GROWTH RATE, GROWTH RATES, HUMAN CAPITAL, HUMAN DEVELOPMENT, IMMIGRANT, IMMIGRANTS, IMMIGRATION, INCOME, INCOME INEQUALITY, INCOME TAX, INCOMES, INDUSTRIALIZATION, INFORMATION TECHNOLOGY, INNOVATION, INTERNATIONAL TRADE, INVESTMENT RATE, LABOR MARKETS, LEVEL OF DEVELOPMENT, LIFE EXPECTANCY, LIVING CONDITIONS, LIVING STANDARDS, LONG-RUN GROWTH, LONG-TERM GROWTH, LOW FERTILITY, MARKET ECONOMIES, MINORITY, MOBILE PHONE, MODERNIZATION, MONETARY ECONOMICS, MONETARY POLICY, NATIONAL BANK, NATIONAL DEVELOPMENT, NATIONAL INCOME, NATURAL ENDOWMENTS, OLD REGIME, OPEN MARKETS, OUTPUT, POLICY ANALYSIS, POLICY DISCUSSIONS, POLICY MAKERS, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, POLITICAL STABILITY, POPULATION AGEING, POPULOUS COUNTRIES, PORTFOLIO, POWER PARITY, PRIVATIZATION, PRODUCTIVITY, PROGRESS, PUBLIC POLICY, PUBLIC SECTOR, PUBLIC SERVICES, PURCHASING POWER, PURCHASING POWER PARITY, QUALITY OF EDUCATION, QUALITY OF LIFE, QUALITY OF SERVICES, REAL EXCHANGE RATE, REAL GDP, RELATIVE INCOME, RELATIVE INCOMES, REPATRIATION, REPLACEMENT RATE, RICH COUNTRIES, RULE OF LAW, SAFETY, SAVING RATE, SAVINGS, SECURE PROPERTY RIGHTS, SOCIAL DEVELOPMENT, SOCIAL INEQUALITY, SOCIAL MOBILITY, SOCIAL PROGRESS, SOCIAL STATUS, STOCK MARKET, TECHNOLOGICAL PROGRESS, TERTIARY EDUCATION, THIRD WORLD, TRANSITION ECONOMIES, UNIVERSITY EDUCATION, URBAN POPULATION, URBANIZATION, WAGE GROWTH, WAGES, WAR, WEALTH, WORKING CONDITIONS, WORKING POPULATION, WORLD ECONOMY, YOUNG ADULTS,
Online Access:	http://documents.worldbank.org/curated/en/2013/10/18347962/polands-new-golden-age-shifting-europes-periphery-center https://hdl.handle.net/10986/16856
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