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transition economy in Poland
Transition Economy in Poland

2013

Jeonghun Song (Julia)
Economics HL
International School of Phnom Penh

Contents

Abstract 3
Introduction 4
Procedure or Method 4
Main Results and Findings / Analysis and Discussion 5
Conclusion and Recommendation 8
Works Cited 10

Abstract

Poland is a part of OECD that indicates high income level; it insists Gross Domestic Product (GDP) of $489.8 billion and has population of 38.54 million. This report focuses on Polish economic statics between 1989, 1999 and presents how the transition of economy led to a successful economy of Poland today. The report will discuss the problems that associated with the transition, and how Poland overcame the problems they faced. Poland fell from its communism after World War that led to a change from a central economy to a free market economy. Polish went through problems regarding sudden unemployment and rapid increase in inflation. Fast recovery from the negative effects of transition economy has put Poland as one of the strongest economy in Europe. It shows how Poland used a national decrease of transition in economy to a chance to develop its own economy.

Introduction

Poland is a country located in Central Europe. Roughly until early 1990, Poland had central economy. Central economy is a concept of economy which government has full control of. The government sets the price of the products, so that everyone in the country is able to afford the goods and services. It keeps the resource usage to the minimum by keeping the goods and services production very limited. Poland was a part of Soviet Union during World War II, and the country faced collapse of communism in the late 1980s (Wikipedia) which led to a change in the system of the country, and influenced economy to change into transition economy.

A transition economy is a change in economy from central planning to free markets (Economics Online).


Cited:  Blink, Jocelyn, and Ian Dorton. "Planned Economy and Free Market Economy." Economics. Oxford: Oxford UP, 2011. 10. Print.  "Transition Economies." N.p., n.d. Web. 07 Sept. 2013. .  "Poland 's Transition to a Market Economy and Its Lessons about Change | Changejournals." Changejournals. N.p., n.d. Web. 03 Sept. 2013. .  "Poland’s Successful Transition - OECD Observer." Poland’s Successful Transition - OECD Observer. N.p., n.d. Web. 12 Sept. 2013. .  "Historic Inflation Poland - CPI Inflation." Historic Inflation Poland – Historic CPI Inflation Poland. N.p., n.d. Web. 11 Sept. 2013. .  News, CBC. "Inflation: Why Do Prices Rise and Fall? - CBC News." CBCnews. CBC/Radio Canada, 17 July 2009. Web. 11 Sept. 2013. .  "Economics Policies to Control Inflation." Tutor2u. N.p., n.d. Web. 9 Sept. 2013. .  "Poland - Population - Historical Data Graphs per Year." Poland - Population - Historical Data Graphs per Year. N.p., n.d. Web. 11 Sept. 2013. .  "Foreign Investment." Official Promotional Website of the Republic of Poland. N.p., n.d. Web. 9 Sept. 2013. .  "Transition Economies." N.p., n.d. Web. 30 Aug. 2013. .  "Per Capita GDP." Definition  "Poland." Wikipedia. Wikimedia Foundation, 09 Dec. 2013. Web. 03 Sept. 2013. .
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