The Polish Economy: Legacies from the Past, Prospects for the Future - Hardcover

Raphael Shen

Hardcover

ISBN 10: 0275938867 ISBN 13: 9780275938864

Publisher: Praeger, 1992

Synopsis

.Economic reform measures introduced in Poland have been the most radical and ambitious in the newly free countries of Eastern Europe. In a short time that country has moved from a centrally planned economy to a free-market system. The ramifications and implications of these economic reforms are influencing economic thought and planning in other recently liberalized, formerly communist societies.

Raphael Shen asserts that measures taken to transform the Polish economy should be implemented over time rather than overnight, and should be moderate rather than radical. Throwing the centrally planned system out and replacing it with the free-market system instantly means that, in the short term at least, Poland will have no smoothly functioning system in place. The necessary economic infrastructure and basic institutions have had no time to develop. The contrived market system cannot function in a meaningful way. The current experience in Poland has already led to extensive disillusionment among Polish consumers and doubts among academicians. The Polish experience will be a valuable lesson in economics for students and decision makers. Shen's book valuable to students, teachers, and researchers in the areas of comparative economic systems, economic development, and economic history.

About this title

About the Author

RAPHAEL SHEN is Professor of Economics at the University of Detroit/Mercy. He is the author of numerous articles and books, including, most recently, Ukraine's Economic Reform: Obstacles, Errors, and Lessons (1996) and Restructuring the Baltic Economies: Disengaging Fifty Years of Integration with the USSR (1994).

Edition details

• Publisher: Praeger
• Publication date: 1992
• Language: English
• ISBN 10: 0275938867
• ISBN 13: 9780275938864
• Binding: Hardcover
• Number of pages: 256