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Thread: Why is Poland getting rich so fast?

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    Default Why is Poland getting rich so fast?


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    Cause of 50 Cent.

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    Summary:

    The country has low public debt, a good education system, moderate income taxes and exports a higher percent of its GDP than Germany.

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    A lot of workers from outside go back and invest I'm guessing

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    Partly EU aid (might get from the net contributors)
    partly trading (doing business with US, Europe, China)
    partly its banking policies (avoiding the 2008 recession).
    and no more USSR squeezing the economy.

    for example:

    Poland and Slovakia are the only two members of the European Union to have avoided a GDP recession during the years affected by the Great Recession. As of December 2009, the Polish economy had not entered recession nor even contracted, while its IMF 2010 GDP growth forecast of 1.9 percent was expected to be upgraded.

    Analysts have identified several causes for the positive economic development in Poland: Extremely low levels of bank lending and a relatively very small mortgage market; the relatively recent dismantling of EU trade barriers and the resulting surge in demand for Polish goods since 2004; Poland being the recipient of direct EU funding since 2004; lack of over-dependence on a single export sector; a tradition of government fiscal responsibility; a relatively large internal market; the free-floating Polish zloty; low labour costs attracting continued foreign direct investment; economic difficulties at the start of the decade, which prompted austerity measures in advance of the world crisis.

    https://en.wikipedia.org/wiki/Great_...ects_on_Europe

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