Polands Economic Development in the past 20 years

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A Critical Analysis of Poland’s Economic Development over the Past Two Decades Name of the Student Professor’s Name Abstract The economic turn around of Poland can be traced back to the 1990s. During this period, the country started to pursue a policy of economic liberalization under the Markowitz Government. In fact, the long-term reforms introduced by the Mazowiecki and Buzek Governments helped Poland to avoid the global economic downturn of 2007 to 2008, which affected most of the countries in the EU. The Polish economy has registered a robust over the past two decades. The economic growth of Poland is reflected from its GDP per capita. Over the past two decades, the average growth in GDP per capita across the Polish population has been 6%. As a result, Poland has outperformed most of the countries in Central Europe as per its GDP growth. The present analysis was based on an integration of secondary and primary data. The secondary data was obtained from the evidence-based literature, while the primary data was obtained from www.tradingeconomics.com. The primary data were used to construct a logistic regression model with GDP as the dependent variable and unemployment rate, bank interest rate, and inflation rate, Government debt to GDP, and GDP per capita of Poland from 2008 to 2016 as the independent variables. The appraisal of the logistic regression and historical data reflected that Poland’s economic development is based on strong foundations. However, the Polish Government should take stringent measures in addressing labor shortage and increased wage pressures. Finally, the Polish Government should provide appropriate stimulus for expediting

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