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Europe's growth champion : insights from the economic rise of Poland
- Author / Creator
- Available as
- Physical
- Summary
-
Poland is one of the biggest yet rarely heard of economic success stories. Over the last twenty-five years it has unexpectedly become Europe's growth champion. This book is about lessons learned fr...
Poland is one of the biggest yet rarely heard of economic success stories. Over the last twenty-five years it has unexpectedly become Europe's growth champion. This book is about lessons learned from Poland's remarkable experience, the conditions that keep countries poor, and challenges the countries face to grow.
Details
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- Creator
- Marcin Piatkowski visiting Scholar, Harvard University's Center for European Studios; Senior Economist, The World Bank
- Format
- Books
- Language
- English
- Publication
-
- First edition
- Oxford, United Kingdom : Oxford University Press, 2018
- Physical Details
-
- xxi, 364 pages : illustrations, maps ; 24 cm
- ISBNs
- 0198789343, 9780198789345, 9780192506382
- OCLC
- on1000442267
- Includes bibliographical references (pages 327-358) and index.
- Machine generated contents note: 1. Fundamental Sources of Growth: Institutions, Culture, and Ideas -- 1.1. Fundamental Sources of Growth -- 1.2. What are Institutions and how do They Drive Economic Growth? -- 1.3. Extractive Versus Inclusive Institutions -- 1.4. Where do the Good Institutions Come From? -- 1.5. Extended Institutional Framework of Development -- 1.6. Conditions for Shifting from an Extractive to an Inclusive Society and Vice Versa -- 1.7. How to Move From Extractive to Inclusive Societies: Policy Implications -- 1.8. Importance of Culture -- 1.9. How Culture Affects Institutions -- 1.10. Ideas, Ideologies, and Individuals -- 1.11. Conclusions -- 2. From Black Death to Black Hole -- 2.1. Rise of Western Europe and Decline of Central and Eastern Europe -- 2.2. Poland's Sixteenth Century Mythical `Golden Age' -- 2.3. Sources of Poland's Backwardness -- 2.4. Why did Poland Create Extractive Institutions? -- 2.5. Why Poland's `Democracy' did not Lead to Economic Development -- 2.6. Role of Culture, Values, and Ideologies in Poland's Backwardness -- 2.7. 3. What Black Death was to Western Europe, Communism was to Central and Eastern Europe -- 3.1. What Communism was all About -- 3.2. Why Communism Collapsed -- 3.3. Poland was a Communist Growth Laggard -- 3.4. Why Communism was not all Bad -- 3.5. How Communism Destroyed Feudalism -- 3.6. What if Poland had Remained Capitalist in 1945? -- 3.7. 4. Poland's Transition Success Story -- 4.1. Measurement of Economic Performance and Prosperity -- 4.2. Measurement of Weil-Being and Happiness -- 4.3. Poland's Economic Performance Since 1989 -- 4.4. Uniqueness of Poland's Success -- 4.5. Poland's Inclusive Growth -- 4.6. Drivers of Inclusive Growth -- 4.7. Evolution of Well-Being, Quality of Life, and Happiness -- 4.8. Failures of the Polish Transition -- 4.9. 5. Drivers of Poland's Successful Transition -- 5.1. `Shock Therapy' Versus Gradualism -- 5.2. `Shock Therapy' in Poland after 1989 -- 5.3. Criticism of `Shock Therapy' -- 5.4. `Shock Therapy' or `Shock Failure'? -- 5.5. After the `Shock Therapy': Policy Corrections and Further Reforms -- 5.6. What Made Poland More Successful Than its Post-Communist Peers? -- 5.7. Benefits of Delayed Privatization -- 5.8. Could Poland Have Grown Faster? -- 5.9. Conclusions and Lessons Learned -- 6. Fundamental Sources of Poland's Growth: The Role of Institutions -- 6.1. Which Institutions Drove Poland's Transition? -- 6.2. Poland's Institutional Quality in the Long-Term Perspective -- 6.3. Impact of Institutions on Growth in Poland -- 6.4. Role of the EU Accession in Institution-Building -- 6.5. Impact of the EU on Income Convergence -- 6.6. Drivers of Good Political and Economic Institutions -- 6.7. 7. Role of Culture, Ideas, and Leadership -- 7.1. Impact of Culture on Institutions and Growth in Transition Economies -- 7.2. Differences in Culture Between CEE and the West -- 7.3. Culture and Economic Performance in Poland -- 7.4. Evolution of Culture Since 1989 -- 7.5. Role of Leadership -- 7.6. Ideas and Ideology -- 7.7. 8. Will Poland's Success Continue? Projections, Scenarios, and Risks -- 8.1. Poland's Growth Prospects -- 8.2. Upside Risks to the Growth Scenarios -- 8.3. Downside Risks -- 8.4. Economic Literature and the Drivers of Economic Growth -- 8.5. Importance of Rankings -- 8.6. 9. New Growth Model for Central and Eastern Europe: `The Warsaw Consensus' -- 9.1. Does Poland Need a new Growth Model? -- 9.2. `Warsaw Consensus' -- 9.3. Implementation of the `Warsaw Consensus' -- 9.4. Impact of the `Warsaw Consensus' -- 9.5. 10. Conclusions and the Way Forward -- 10.1. Future