Progress in achieving institutional changes should be evaluated through the prism of their influence on the development abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any other postsocialist country. To judge the...

The study discusses conditions and prospects for fast and durable growth in emerging market economies. In the course of history less than 30 nations have become rich and still more than 80 per cent of the world population lives in the middle and low-income countries, some of them in extreme...

nstitutions are not only created and built, but also, and especially, need to be learnt. It is a process which takes place in all economies, but acquires a special importance in less advanced countries. Not only theoretical arguments, but also the practical experience over the past 15 years...

The progress toward institutional changes should be evaluated through the prism of their influence on a country's development abilities. In Poland, during the twenty years of comprehensive systemic shift, gross domestic product (GDP) has increased more than in any other post-communist country....

Of the 11 post-socialist states that have already become European Union members only five have joined the common currency Eurozone. The other six, including Poland, the region's largest economy, have, pursuant to accession treaties, the right and obligation to adopt euro as their currency. They...

The paper considers the issues of severe breakdown of production and the causes of persisting fiscal deficit in the economies in transition from a centrally planned to a market system. Although these events are due to a legacy of the previous system and to macroeconomic stabilization policies,...

Structural reforms create a systemic foundation for the increase of microeconomic efficiency and hence faster growth. However, sustained economic expansion requires an appropriate development strategy and sound government policy to reinforce the market forces during postsocialist transformation....

Globalization is one of the buzzwords, continuously used and often abused; most often without making an intellectual effort to define this notion. Then I am asked whether I am for or against globalization, I always try to find out what the inquirer means. It is difficult to answer this question,...