Years after commencement of the systemic reforms in Central East Europe and the former Soviet Union the debate on the way of conducting reforms is still on. The main question remains: gradualism or radicalism? Unfortunately many countries decided to embark on a radical way of transformation...

When it seems that everything or nearly everything has been said about the prerequisites and prospects of economic growth – in the Polish context, too (Kolodko 2002b and 2002c; Noga 2004) – it is worthwhile to revisit certain aspects of this phenomenon, which is of vital importance for the...