Low population growth and economic emigration may lead to a sharp crisis in Poland's pension system and public finances. This can be prevented by a conscious family policy and economic immigration to Poland, especially from countries that are culturally close to us. We should be particularly eager to attract young and educated people. Is this realistic?
As 2014 draws to a close, so too do the celebrations of the annus mirabilis of 1989 and the quarter-century of transition that followed in Central and Eastern Europe (CEE). While the retrospectives across the region and in Europe have focused on the miraculous changes that transition enabled, the reality from the vantage point of 25 years on is that the countries in CEE have diverged both economically and politically since the heady days of 1989.
Napoleon Bonaparte once reportedly complained that history was a set of lies everyone agreed upon. While such a view may be too cynical, it is nonetheless true that nations tend to idealize their past. Poland is no different. Poles tend to mythologize the 16th century as the country’s golden age. The standard narrative is that Poland was then one of the largest countries in Europe, stretching from the Baltic to the Black Sea. It was a military power, winning wars and battles galore. It was Europe’s “breadbasket” feeding the burgeoning cities in the West. It was a centre of culture and education, exemplified by such luminaries as Nicholas Copernicus, a graduate of Jagiellonian University in Krakow. Finally, Polish political influence spread into far reaches of Europe.
A quarter of a century after the formation of Tadeusz Mazowiecki’s government, in which Deputy Prime Minister Leszek Balcerowicz was responsible for the economic reforms, economists are trying to answer the question as to whether Poland has exhausted its opportunities of development and what impulses are needed for Poland to take advantage of future opportunities.
Economic and demographic indicators will prevent our politicians from fulfilling their dreams of Poland participating in the G-20. However, we could fight for the status of a permanent guest and represent the societies which have freed themselves from communism and achieved a great success building market institutions that are less bureaucratised than in the rich Western countries.
Announced by the European Central Bank, scheduled for September, targeted long term refinancing operations (TLTRO) will become one of important transmission mechanisms of monetary policy. The ECB hopes that they will restore the bank lending channel to the economy - said Yves Mersch, member of the Executive Board of the ECB.
28 May 2014 is a historic date for Polish labour offices and, hopefully, for Polish unemployed too. It is the first time in over 10 years that the government has amended the operational rules for jobcentres. The range of available tools is increasing, however there is still a lot that depends on plain human involvement.
A distinction must be made between the privatization of previously state-owned enterprises and the privatization of the market, for instance, through the creation of new, private, companies. This latter process has been a success with positive consequences for entire economy – says prof. Leszek Balcerowicz, author of the 1989 reforms.
Poland has created the organizations, procedures and processes of a modern state. By doing so it has bound itself permanently to the Western world. No great reforms will be needed in the future, only the ability to manage necessary changes, says former PM Jan Krzysztof Bielecki.
According to the latest NBP inflation report, economic growth will gradually accelerate without the risk of rising prices. This will allow interest rates to remain stable. The Ukrainian crisis will not impact negatively on the Polish economy, but invites thinking about a more solid anchoring in Europe – says Marek Belka, Governor of the Poland's central bank Narodowy Bank Polski.