The Solidarity-led government which came into power in Poland in Autumn 1989 faced two enormous tasks. First, to stabilize an economy prone to hyperflation. Second, to replace a crumbling command system in favour of a market mechanism, in a country whose market institutions had been destroyed under forty years of communist rule. This book recounts the events of this period and the course taken by the new government, and analyzes the significance of this for the transition process in Poland and elsewhere.
"synopsis" may belong to another edition of this title.
Henryk Kierzkowski is the Deputy Chief Economist at the European Bank for Reconstruction and Development, London, and is also Professor of Economics at the Graduate Institute of International Studies in Geneva;,
Marek Okolski is Professor and Director of the Polish Policy Research Group, Warsaw University;,
Stanislaw Wellisz is Professor of Economics at Warsaw University and at Columbia University, New York.
The purpose of this book is to discuss the problems confronting, and the policies pursued by, the government between the August 1989 Solidarity take-over and the October 1991 election. Some of the phenomena the book deals with are idiosyncratic to Poland, but most of them are inherent to the transition process; hence the Polish experience is of relevance to other countries that have abandoned Soviet-type planning and are striving to replace it with a modern capitalist system.
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