Europe's Growth Champion: Insights from the Economic Rise of Poland

ISBN : 9780198789345

Marcin Piatkowski
352 ページ
156 x 234 mm

Over the last twenty-five years Poland has transitioned from a perenially backward, poor, and peripheral country to unexpectedly join the ranks of the world's high income countries. Europe's Growth Champion: Insights from the Economic Rise of Poland is about the lesson's learned from Poland's remarkable experience, the conditions that keep countries poor, and the challenges that countries need to face in order to grow. It defines a new growth model that Poland and its Eastern European peers need to adopt in order to continue to grow and catch up with their Western counterparts. Europe's Growth Champion emphasizes the importance of the fundamental sources of growth- institutions, culture, ideas, and leaders- in economic development. It argues that a shift from an extractive society, where the few rule for the benefit of the few, to an inclusive society, where many rule for the benefit of many, was the key to Poland's success. It asserts that a newly emerged inclusive soc


Introduction; 1 What are institutions and how do they drive economic growth?; 2 From Black Death to black hole; 3 What the Black Death was to Western Europe, Communism was to Central and Eastern Europe; 4 Poland's transition success story; 5 Drivers of Poland's successful transition; 6 Fundamental sources of Poland's growth: The role of institutions; 7 The role of culture, ideas, and leadership; 8 Will Poland's success continue? Projections, scenarios, and risks; 9 The new growth model for CEE: The Warsaw Consensus; 10 Conclusions and the way forward


Dr. Marcin Piatkowski is a Visiting Scholar at Harvard University's Center for European Studies (2016-17), a Senior Economist in the World Bank, and Assistant Professor of Economics at Kozminski University in Warsaw (on leave). Previously, he was Chief Economist of PKO BP, the largest bank in Poland, Economist in the European Department of the International Monetary Fund (IMF), and Advisor to the IMF's Executive Director. During 2002-03, he served as Advisor to Poland's Deputy Premier and Minister of Finance, contributing to the fiscal reform program. He holds a Ph.D. in Economics from Kozminski University and an M.A. in Finance and Banking summa cum laude from the Warsaw School of Economics. He actively tweets at @mmpiatkowski