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The Use of the New Structural Economics for Modernization and Increasing the Innovativeness of the Polish Economy

Editor

Listed:
  • Justin Yifu Lin
    (National School of Development, University of Beijing)

  • Alojzy Z. Nowak
    (Faculty of Management, University of Warsaw)

Author

Listed:
  • Grzegorz Jedrzejczak

    (University of Warsaw)

  • Henryk Sterniczuk

    (University of New Brunswick in Canada)

Abstract

Ultimately, the deciding factor for Poland’s modernization success will be the pro-modernization attitude of business entities, employees, and consumers (hence, the whole society). The New Structural Economics Apparatus can be helpful in strengthening the role of the state in meeting the challenges the Polish economy is facing, but we must be aware that the application of NSE may face many serious challenges and limitations. First of all, large companies essential to create an innovative development coalition are either owned by foreign corporations or remain state property. Secondly, few Polish small and medium-sized enterprises have grown enough to be able to undertake the effort of global competition. Thirdly, the society, including business entities, is suspicious of state institutions, and the state is very distrustful about public-private projects. Fourthly and finally, Poles after years of scarcity want to consume rather than save, thus they are hardly prone to promises to improve the future standard of living in exchange for disciplined serving the interests of the state and corporations.

Suggested Citation

  • Grzegorz Jedrzejczak & Henryk Sterniczuk, 2019. "The Use of the New Structural Economics for Modernization and Increasing the Innovativeness of the Polish Economy," Book, University of Warsaw, Faculty of Management, edition 1, volume 1, number y:2019:v:1:ch:7:p:142-164 edited by Justin Yifu Lin & Alojzy Z. Nowak, June.
    • Handle: RePEc:sgm:wnwzuw:y:2019:v:1:ch:7:p:142-164
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    References listed on IDEAS

    as
    1. Nora Lustig & Luis F. Lopez-Calva & Eduardo Ortiz-Juarez & Célestin Monga, 2016. "Deconstructing the Decline in Inequality in Latin America," International Economic Association Series, in: Kaushik Basu & Joseph E. Stiglitz (ed.), Inequality and Growth: Patterns and Policy, chapter 7, pages 212-247, Palgrave Macmillan.
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