Why the polish economy manages the recession and crisis better than other european countries?

Résumé du document

'Crisis', 'recession' and 'economical slump' have become everyday words in the media. We will agree that in ever‐lasting media search for sensation, press reports sometimes confuse facts for more or less sensible conclusions and forecasts. But, on the other hand, we were so proud when Prime Minister Donald Tusk pointed out the map, where the rest of Europe was shown as a sea of recession red, with Poland the lone green island of economic growth.

The main questions are: why our economy fares the recession better than other European countries? Do we have a real panacea for present economic activity slowdown? And, do we really have economical collapse in Poland? In my assignment I will focus on searching the answer, is it an excellent medicine or only a placebo?

Experts explain that a crisis is 'specific, unexpected, and non-routine event or series of events that [create] high levels of uncertainty and threat or perceived threat to an organization's high priority goals'. Venette argues that 'crisis is a process of transformation where the old system can no longer be maintained'. These descriptions pointed out the need for change. Meanwhile a recession is a general slowdown in economic activity over a period of time. In time of recession, production as measured by Gross Domestic Product (later: 'GDP'), employment, investment spending, household incomes, business profits all fall during this process, while bankruptcies and the unemployment rate rise.

Extraits

[...] In general, our economy is rather domestic oriented and less dependent on export than i.e. the Czech or Hungarian economies. In my opinion, the crisis will arrive to Poland with some delay. Thereby, with this in mind our government and their consultants should carefully observe external economical circumstances and prepare some possible crisis development scenarios worldwide, and of its anticipated regional distribution in Poland. Not only the crisis, but early symptoms of the economical collapse call for reflection on the desirable activities in macroeconomic and regional policies. [...]

[...] In my opinion this program, regardless of its successful implementation or not, definitely cannot give us the answer why our economy manages the crisis better than other European countries. Conclusions To sum up, all experts agree that the current situation in Poland is a function of the global situation, particularly in Europe. In my opinion, the Polish economy manages the recession and crisis better than other European countries, because that economical collapse did not have its origin in our country. Many of the present problems are indirectly (i.e. [...]

[...] Report prepared by the Regional Studies Association Polish Section and commissioned by the Ministry of Regional Development. The Polish Economy in 2009, http://www.krakowpost.com/article/1795 (5th January 2010). Ministry of Finance (30th November, 2009). Stability and Development Plan Reinforcing the polish economy in the face of the global financial crisis, ÎÐÒÔÖðòd Ò Ô [...]

[...] Does the Polish anti - crisis package become a big looser? The Polish anti-crisis package (concluded on 13th March and turn into force on 22th August, 2009) included changes to labour law regulating matters such as flexible work time arrangements, temporary employment and subsidies for employee training. In this process almost 250,000 employers working for troubled companies theoretically may be covered by direct financial assistance. Some workers would be able to take part in training courses and postgraduate studies[8]. Politicians said that anti crisis package implementation might be the reason of favourable, high levelled GDP in Poland and, that our government increasingly looked at examples of best practice from other members within the UE. [...]

[...] In general, our economy is rather domestic oriented and less dependent on export than i.e. the Czech or Hungarian economies. even though there are in Poland industries with the largest employment, they can mainly sell their products in the domestic market (i.e.: food industry, black and brown coal mining and electric power sector). a significant collapse in the value of the zloty improve Poland's attractiveness in such sectors as tourism or trade with our neighbours (Germany, Slovakia, Lithuania), although these benefits are offset by the negative impacts of foreign currency loans and currency options. [...]