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Economic growth and a strong, stable government to boot: time to rethink old notions about Poland
Jan 28th 2010 | From The Economist print edition
EAST NEWS
OUTSIDERS often have fixed ideas of Poland: a big, poor country with shambolic governments, dreadful roads and eccentric habits. Old stereotypes die hard, but the facts paint an increasingly different picture. By the grim standards of recent centuries, Poland has never been more secure, richer or better-run.
It was the only country in the European Union to register economic growth last year, at 1.2%. As Jacek Rostowski, Poland’s finance minister, likes to point out, GDP per head rose from 50% to 56% of the EU average in 2009—a record jump. By the same (somewhat flattering) measure, which adjusts for the greater purchasing power arising from lower prices, Poland now has Europe’s sixth-biggest economy.
Foreign investors like what they see. Whereas supposedly “west” European countries such as Greece flounder, ex-communist Poland is borrowing cheaply, for example with a $4.3 billion ( |
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