Assessment of Poland's Economic Policy During te Crisis

2013 ◽  
Vol 8 (3) ◽  
pp. 195-210
Author(s):  
Stefan Krajewski
Keyword(s):  
Economic Policy ◽  
Pension System ◽  
Fiscal Sustainability ◽  
Economic Policies ◽  
Role Of The State ◽  
The Usa ◽  
Reducing Costs ◽  
Polish Economy ◽  
Favorable Conditions ◽  
The Eu

The rapid weakening of economic activity, covering most states in the world, gives rise to a lively discussion on the choice of methods to tackle the crisis, the legitimacy and effectiveness of various economic policies, the role of the state and the scope of its intervention in the economy. The paper evaluates the Polish economic policy in recent years. This refers to the situation prevailing in the EU and the USA. I conclude that the Polish economy during the crisis remained relatively stable, without having to provide the emergency aid from the outside. The development of such a situation has been affected by different reasons, including: - The benefits of the so-called "backwardness rent", which resulted, among others, in the inflow of EU funds (Poland was in 2007-2013 and in will be in 2014-2020 the biggest beneficiary of the EU budget); - The effects of decisions on changes in the tax and social security, taken for political reasons (before the crisis); - The controversial withdrawal from the funded pension system, reducing the budget deficit and public debt; - The prudent monetary policy and anti-inflation policy pursued over many years. Actions taken in Poland are primarily focused on reducing costs, which differs quite significantly from the economic policy dominant in the U.S. and the "old" EU countries which generally pursue expansionary fiscal policy and a policy of cheap money. Polish solution facilitates the achievement of short-term fiscal sustainability, but does not create favorable conditions for the development in the long-term (insufficient investment, petrification of economic structure, lack of innovation). 

scholarly journals Aktywność ekonomiczna przedsiębiorstw małej i średniej skali w Polsce

2010 ◽  
Vol 6 ◽  
pp. 128-140
Author(s):  
Paulina Filip
Keyword(s):  
Economic Policy ◽  
Market Economy ◽  
Local Governments ◽  
Statistical Data ◽  
Negative Impact ◽  
Great Influence ◽  
Economic Policies ◽  
Valuable Resource ◽  
Polish Economy ◽  
Medium Businesses

SME sector in the polish market economy and in another countries are growing rapidly last times.Small and medium-sized enterprises are a valuable resource for countries with developedmarket economy. They have importance role in the Polish economy and a great influence fortheir development. The development of this sector is related to the numerous circumstanceslike the development of national economy, economy structure and conditions, financial stateand local governments as well economic policies. The researches in this area should know allthe circumstances, to eliminate their negative impact and get propositions to economic policy,which allows eliminating these barriers.The analysis of small and medium businesses, which will be presented in the article wascarried out for the period 1994–2007.The analyses were based of statistical data obtained fromCSO. Based on these data have been done analysis of small and medium businesses. In thearticle has shown the level of investment expenditures, economic and financial results MSP’sector in last years received positive indicator as the results of own activity.

scholarly journals Trends Of Changes In The Polish Industry Innovativeness (Against The Background Of Leading World Economies)

2011 ◽  
Vol 4 (5) ◽  
Author(s):  
Adam Mazurkiewicz ◽  
Rozalia Sitkowska
Keyword(s):  
Venture Capital ◽  
Processing Industry ◽  
Us Economy ◽  
The Us ◽  
The Usa ◽  
Per Capita ◽  
Polish Economy ◽  
Business Financing ◽  
Investment Goods ◽  
The Eu

Tendencies concerning innovativeness changes in selected sectors of the Polish economy were identified in the paper. The trends were depicted against the background of the USA, Japan and the EU-15 and they comprised: public and business financing of the R&D area with reference to GDP, R&D expenditure per capita, and venture capital funds supporting innovations commercialization. The observed correlation between the financing level of the R&D area and the innovativeness level of the US economy made the basis for the analysis conducted. The analysis concentrated on trends occurring in the Polish economy in the context of industry innovativeness, in particular processing industry, including the sector of investment goods. Conclusions resulting from the analysis of innovation commercialization processes with venture capital funds were presented. Countermeasures which were taken in Poland to prevent the marginalization of financing the R&D area were demonstrated as well.

scholarly journals THE SCOPE OF FUNCTIONS AND STRENGHT OF INSTITUTIONS IN ECONOMIC POLICY OF THE EU MEMBER STATES FROM CENTRAL AND EASTERN EUROPE. CONCEPTION OF ANALYSIS

Ekonomika ◽  
2011 ◽  
Vol 90 (1) ◽  
pp. 7-21
Author(s):  
Ireneusz Jaźwiński
Keyword(s):  
Economic Policy ◽  
Eastern Europe ◽  
Socioeconomic Development ◽  
Central And Eastern Europe ◽  
Economic Policies ◽  
Member States ◽  
Eu Member States ◽  
Economic Development And Growth ◽  
International Comparative ◽  
The Eu

The manner of conducting economic policy determines various phenomena and socio-economic processes, including economic development and growth, to a considerable degree. A significant role in economic and social sciences is attributed to international comparative studies. The aim of the study was introduction of the conception for analysis of the scope of functions and strength of institutions on an exampleof the national policies of the EU member states from Central and Eastern Europe.The paper introduces the selected dimensions of economic policy in the EU member states from Central and Eastern Europe. On the basis of the use of existing indices, the measures of these dimensions are proposed. Also, elements of the typology of economic policies of these countries considering the selected policy dimensions are presented.The analyses show that there are differences among national economic policies of particular states of Central and Eastern Europe. From the standpoint of economic policy and its dimensions, the situation is most favourable in countries with the most powerful institutions: the Czech Republic and Estonia. It is crucial to strive after improvement of the quality of institutions in individual states, which should result in a faster socioeconomic development and an increased efficiency of the public authorities.

scholarly journals Full employment as a possible objective for EU policy II: Review of some empirical aspects

2008 ◽  
Vol 55 (2) ◽  
pp. 167-184 ◽  
Author(s):  
Massimo Cingolani
Keyword(s):  
Economic Policy ◽  
Empirical Evidence ◽  
Full Employment ◽  
Previous Article ◽  
Economic Policies ◽  
Previous Issue ◽  
European Economic ◽  
The Us ◽  
Historical Periods ◽  
The Eu

A contribution appeared in the previous issue of Panoeconomicus reviewed the theoretical arguments brought by Alain Parguez and Jean Gabriel Bliek in support of their idea of assigning a full employment objective to European economic policies and their coordination (Bliek and Parguez (2007) and Parguez (2007b)). Without pretending at exhaustiveness, this contribution reviews and partly extends the empirical evidence they presented in support of their argument with reference to selected macroeconomic developments in several countries and different historical periods, in particular for the US, Canada, Japan and the EU. It confirms the descriptive power of the circuit and its relevance for the discussion of alternative economic policies, in particular in the field of employment. Together with the previous article, it shows that the circuit can be used to update economic policy thinking, nourishing also the necessary democratic debate amongst police alternatives. .

scholarly journals Nordic economic policies in the 1970s and 1980s

1987 ◽  
Vol 41 (3) ◽  
pp. 403-456 ◽  
Author(s):  
Lars Mjøset
Keyword(s):  
Economic Policy ◽  
Political Mobilization ◽  
External Pressure ◽  
Nordic Countries ◽  
Economic Policies ◽  
Policy Model ◽  
Structural Problems ◽  
The World ◽  
The 1960S ◽  
Favorable Conditions

Although the Nordic countries are small, open economies, they were able to benefit considerably from the expansion of the world economy during the “Golden Age” of the 1950s and 1960s. They achieved industrial diversification and consolidated welfare-state reforms. Throughout this period, several economic policy routines were institutionalized. These routines may be analyzed as parts of a specific economic policy model, determined by the economic structure and the pattern of political mobilization. It seems more fruitful to distinguish five such models rather than to use the generalizing notion of a “Scandinavian model.” In the 1970s, the world economic crisis posed new challenges for the Nordic countries. In the first phase of the crisis, economic policies continued to operate in accordance with the established routines. But structural problems, new patterns of political mobilization, and new forms of external pressure forced governments to shift towards austerity policies in the late 1970s. The extent and the specificities of these shifts are compared and the degree to which the economic policy models have changed assessed. Such an analysis is a first step to answer some crucial questions now facing the Nordic countries: Was their flexible adjustment merely the result of favorable conditions during the 1960s—or is it a permanent trait? Are they now trapped between large industrial nations and dynamic newly industrializingcountries? If so, what will be the fate of their advanced welfare sectors?

scholarly journals European Union: challenges and dilemmas

2012 ◽  
Vol 52 (No. 7) ◽  
pp. 302-310
Author(s):  
A. Rusek
Keyword(s):  
Economic Growth ◽  
European Union ◽  
New Technologies ◽  
Economic Reforms ◽  
Ageing Population ◽  
Dependency Ratio ◽  
Economic Policies ◽  
Demographic Challenges ◽  
The Usa ◽  
The Eu

In the last two decades, the EU trails behind the USA in both the rate of economic growth and the rate of growth of productivity. In addition, in the next 25 years, the EU will experience demographic challenges in the form of the rapidly ageing population and a substantial increase in the dependency ratio. To answer these challenges, the EU needs economic policies which will facilitate the utilization of new technologies. To do that and to alleviate the growing pressures on the European social and economic model, the significant economic reforms are necessary. The key to that is the EU-wide integration of the financial sector.  

scholarly journals Promotion of Innovative Entrepreneurship Under Sustainable Development

2018 ◽  
Vol 41 ◽  
pp. 04015 ◽  
Author(s):  
Tatyana Odinokova ◽  
Mariyana Bozhinova ◽  
Mariana Petrova
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
Subject Matter ◽  
Innovation Development ◽  
Industrial Leadership ◽  
The Usa ◽  
It Innovation ◽  
The Subject ◽  
Favorable Conditions ◽  
The Eu

The subject matter of this article is incentives for innovations in entrepreneurship. There are two models of entrepreneurship which exist in developed market economies – traditional and innovative. Innovations have never been so important as they are now, which holds particularly true for small and medium-sized businesses. As Peter F.Drucker formulated it, “Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.” The methods by which innovations are encouraged change from country to country. The choice of such methods depends on economic, political and other conditions for a country&s development. By encouraging innovative activities, governments enhance the effectiveness of innovative systems and create favorable conditions for enterprises to engage in science and technology. For the EU, which falls behind the USA and Japan in so far as innovation technologies are concerned, it is a highpriority task to implement the innovation development strategy and to transform its economy in accordance with the up-to-date model by 2020. The aim of such strategy is to achieve industrial leadership as well as to support business, including small and medium-sized businesses.

scholarly journals Germany and the European economy

2011 ◽  
Vol 63 (1) ◽  
pp. 52-98
Author(s):  
György Simon
Keyword(s):  
Economic Policy ◽  
Technical Progress ◽  
The European Union ◽  
Mathematical Economics ◽  
Economic Relations ◽  
Current Economic Crisis ◽  
International Economic Relations ◽  
Favorable Conditions ◽  
The Eu

Germany has traditionally been the powerhouse of the European economy and integration. In this article, an attempt is made to put its economic development in a European context by comparing it with the achievements of the total group of more developed members of the European Union, the EU-15, prior to the current global crisis. The author applies both the methods of statistical analysis and models of mathematical economics to show the combined influence of growth mechanism regularities, economic policy and international economic relations on the long-term development of the German and European economy. Viewing economic growth as the central problem, he investigates the factors of its deviations from the equilibrium state, as well as the regularities affecting productivity and technical progress. His main conclusion is that the current economic crisis can be surmounted with the help of a growthoriented economic policy based on the intensification of technical progress and, first of all, of its creative component, which would create favorable conditions for improving competitiveness.

Turkish economic policy will be inconsistent to 2019

2017 ◽  
Keyword(s):  
Economic Policy ◽  
Financial Markets ◽  
Interest Rates ◽  
Capital Inflows ◽  
Policy Uncertainty ◽  
Economic Policies ◽  
Short Term ◽  
Content Type ◽  
Doing Business ◽  
The Eu

Subject Economic policy to 2019. Significance In a climate of global monetary tightening, domestic and international political tensions, and brittle ties with the EU, investor-friendly economic policies would help secure continued capital inflows and investment in Turkey, thus keeping the lira stable and maintaining a tenuous economic recovery. However, economic policy has recently been geared towards achieving a short-term boost rather than longer-term stability and competitiveness. Impacts The AKP may not regain the confidence of international financial markets, which once saw it as a 'safe pair of hands' for the economy. Sharp variations in exchange rates, interest rates, prices and demand are likely given global conditions and unpredictable policy-making. Economic policy uncertainty will add to the complexity of the environment for doing business.

The economic policy of the Latin American countries during the emergence of the multipolar world

2020 ◽  
Vol 8 (8) ◽  
pp. 1581-1596
Author(s):  
A.M. Chernysheva
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
Latin American ◽  
Global Economy ◽  
Systems Approach ◽  
World Order ◽  
Economic Security ◽  
Economic Policies ◽  
The Usa ◽  
Latin American Countries

Subject. As the global economy currently evolves during the emergence of the multipolar world, emerging countries strive to diversify their foreign trade and gradually escape the strict impact of the leading economies. In the multipolar world countries need their economic policies to ensure the national economic security. Objectives. I examine the foreign trade in some countries of Latin America and economic alliances there. I also evaluate trends in the development of export and import indicators of Brazil, trace the trajectory of their further development by country. Methods. In this study, I analyze documents in public domain, including statistical data on exports and imports of Brazil with reference to the USA, China, Russia, Germany, France, Argentina, Uruguay and Paraguay. The study is based on the systems approach, comparative and statistical methods of data research. Results. Nowadays, in the current economic situation worldwide the multipolar order gains momentum. Foreign trade is being actively diversified by those countries that fall into geopolitical pursuits of leading economies. Conclusions and Relevance. Diversifying the foreign trade and adhering to the multi-faceted economic policy, countries will ensure their economic security notwithstanding the multipolar world order. Currently, the Latin American countries take much effort to diversify their foreign trade, though they are strongly influenced by the USA as an area of their geopolitical ambitions. I should mention a growing importance of China in areas of someone else's geopolitical interest.

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