. Apart from too nervous reactions to monthly changes in the inflation rate, the major mistake has been the timing and scale … demand.Inevitably the economy went into a recession that did not end by June 1991 while inflation continued. …

Poland's economy has been outstanding if we take GDP growth as our measure. It is not specific reforms that can explain this …-friendly governments were voted out of office, the new governments in Poland never reversed reforms undertaken by the previous government …