Atlantic Economic Journal

, Volume 22, Issue 2, pp 51–60 | Cite as

Foreign trade in the process of transformation in Poland

  • Zbigniew M. Fallenbuchl
Articles
  • 40 Downloads

Abstract

Poland was the first post-Communist country to introduce a marketization and stabilization program. A decline in production and the growth of unemployment followed. Now, Poland is first among those countries to experience recovery. When austere monetary, fiscal, and income policies drastically reduced domestic absorption, and the Soviet market collapsed, exports to the West expanded fast. They served as the engine of growth and resulted in a rapid redirection of trade towards the West. The present dependence of export growth on devaluations will only be eliminated when inflation is eradicated, and this depends, like the continuing limitation of domestic absorption, on political factors.

Keywords

International Economic Public Finance Foreign Trade Political Factor Export Growth 

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Copyright information

© Atlantic Economic Society 1994

Authors and Affiliations

  • Zbigniew M. Fallenbuchl
    • 1
  1. 1.University of WindsorCanada

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