Poland: Economic Management for a New Era

摘要

The report suggests systemic reforms and a macroeconomic framework to allow Poland to develop a competitive market economy. The transformation to a market economy will not be easy, because a number of Polish industries are not internationally competitive, production of goods and services in many sectors is dominated by monopolies, and capital and labor are not mobile. The report identifies areas where special efforts are needed, such as a firm macroeconomic framework to provide a stable environment, and micro and sectoral reforms to help stimulate a supply response. One area of special concern is Poland's severe external debt burden. The report advocates debt and debt service reduction programs for Poland to allow it to achieve creditworthiness and fully participate in the world economy, and therefore resume growth and improve living standards.