The economy of Poland is a high-income, industrialized, developed market with a mixed economy that serves as the sixth-largest in the European Union by nominal GDP and fifth-largest by GDP (PPP). Poland boasts the extensive public services characteristic of most developed economies. Since 1988, Poland has pursued a policy of economic liberalisation but retained an advanced public welfare system. It ranks 20th worldwide in terms of GDP (PPP), 21st in terms of GDP (nominal), and 21st in the 2023 Economic Complexity Index. Among OECD nations, Poland has a highly efficient and strong social security system; social expenditure stood at roughly 22.7% of GDP.
A mixed economy is an economic system that accepts both private businesses and nationalized government services, like public utilities, safety, military, welfare, and education. A mixed economy also promotes some form of regulation to protect the public, the environment, or the interests of the state.
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position.
The Polish People's Republic (1952–1989), formerly the Republic of Poland (1947–1952), was a country in Central Europe that existed as the predecessor of the modern-day democratic Republic of Poland. With a population of approximately 37.9 million near the end of its existence, it was the second most-populous communist and Eastern Bloc country in Europe, and one of the main signatories of the Warsaw Pact alliance. The largest city and official capital since 1947 was Warsaw, followed by the industrial city of Łódź and cultural city of Kraków. The country was bordered by the Baltic Sea to the north, the Soviet Union to the east, Czechoslovakia to the south, and East Germany to the west.
In economics, shock therapy is a group of policies intended to be implemented simultaneously in order to liberalize the economy, including liberalization of all prices, privatization, trade liberalization, and stabilization via tight monetary policies and fiscal policies. In the case of post-Communist states, it was implemented in order to transition from a command economy to a market economy.
Zbigniew Stefan Messner was a Polish communist politician and economist. His ancestors were of German Polish descent who had assimilated into Polish society. In 1972, he became Professor of Karol Adamiecki University of Economics in Katowice. In the 1980s, Messner held numerous high ranking posts within communist party apparatus. He was a member of the Central Committee of the Polish United Workers' Party (PZPR) from 1981 to 1990, when PZPR was dissolved, member of the PZPR Politburo from 1981 to 1988, Deputy Prime Minister from 1983 to 1985, member of Sejm from 1985 to 1989, Prime Minister of Polish People's Republic from 1985 to 1988 and member of the State Council of the Polish People's Republic from 1988 to 1989. Additionally in the 1960s Messner was the chairman of Piast Gliwice football club.
The Balcerowicz Plan, also termed "Shock Therapy", was a method for rapidly transitioning from an economy based on state ownership and central planning, to a capitalist market economy. A group of experts, which they formed together with Balcerowicz, including Stanisław Gomułka, Stefan Kawalec and Wojciech Misiąg, in September 1989 created a reform plan based on an earlier idea of Jeffrey Sachs, and on October 6, an outline of this plan was presented to the public by Balcerowicz at a press conference broadcast by TVP.
There have been several referendums in the history of Poland.
The people's referendum of 1946, also known as the Three Times Yes referendum, was a referendum held in Poland on 30 June 1946 on the authority of the State National Council. The referendum presented an opportunity for the forces vying for political control of Poland following World War II to test their popularity among the general population. However, the results were forged and the referendum failed to meet democratic standards.
Poland does not use the euro as its currency. However, under the terms of their Treaty of Accession with the European Union, all new Member States "shall participate in the Economic and Monetary Union from the date of accession as a Member State with a derogation", which means that Poland is obliged to eventually replace its currency, the złoty, with the euro.
A constitutional referendum was held in Bolivia on 25 January 2009, postponed from the initially planned dates of 4 May 2008 and then 7 December 2008. Drafted by the Constituent Assembly in 2007, the new constitution was approved in the referendum according to an exit poll by Ipsos Apoyo for La Razón and ATB, a Bolivian television network. Furthermore, it required early elections to be held on 6 December 2009.
The history of Estonia from 1918 to 1940 spanned the interwar period from the end of the Estonian War of Independence until the outbreak of World War II. It covers the years of parliamentary democracy, the Great Depression and the period of corporatist authoritarian rule.
The battle for trade was an element of the state politics in the early period of communist takeover of Poland (1946–49) according to which new laws and regulations succeeded in significantly decreasing the size of the private sector in Polish trade, in order to facilitate the transformation of Polish economy from capitalism to Soviet communism's planned economy.
The Plan of Reconstructing the Economy, commonly known as the Three-Year Plan was a centralized plan created by the Polish communist government to rebuild Poland after the devastation of the Second World War. The plan was carried out between 1947 and 1949. It succeeded in its primary aim of largely rebuilding Poland from the devastation of the war, as well as in increasing output of Polish industry and agriculture.
The enlargement of the eurozone is an ongoing process within the European Union (EU). All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and long-term governmental interest rates below certain reference values, stabilising their currency's exchange rate versus the euro by participating in the European Exchange Rate Mechanism, and ensuring that their national laws comply with the ECB statute, ESCB statute and articles 130+131 of the Treaty on the Functioning of the European Union. The obligation for EU member states to adopt the euro was first outlined by article 109.1j of the Maastricht Treaty of 1992, which became binding on all new member states by the terms of their treaties of accession.
The largest enlargement of the European Union (EU), in terms of number of states and population, took place on 1 May 2004.
A referendum on the future of the Soviet Union was held on 17 March 1991 across the Soviet Union. It was the only national referendum in the history of the Soviet Union, although it was boycotted by authorities in six of the fifteen Soviet republics.
A double referendum was held in Poland on 18 February 1996. One question concerned enfranchisement, whilst the others concerned state property. The first proposition was ordered by the President, whilst the others were created on the basis of resolution made by Sejm. All except one were approved by over 90% of voters. However, voter turnout was just 32%, well below the 50% threshold required to make the results valid.
On 23 June 2016, a referendum took place in the United Kingdom (UK) and Gibraltar to ask the electorate whether the country should remain a member of, or leave, the European Union (EU). The result was to leave, triggering calls to begin the process of the country's withdrawal from the EU commonly termed "Brexit".
Socialist economics comprises the economic theories, practices and norms of hypothetical and existing socialist economic systems. A socialist economic system is characterized by social ownership and operation of the means of production that may take the form of autonomous cooperatives or direct public ownership wherein production is carried out directly for use rather than for profit. Socialist systems that utilize markets for allocating capital goods and factors of production among economic units are designated market socialism. When planning is utilized, the economic system is designated as a socialist planned economy. Non-market forms of socialism usually include a system of accounting based on calculation-in-kind to value resources and goods.
