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The European Union and the New Member States’ Dilemmas: The Case of Poland

In: Growth versus Security

Author

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  • Wojciech Bieńkowski

Abstract

When we analyze statistical data concerning Poland’s economic growth at present, things seems satisfactory. The economy is booming, GDP growth rates in 2006–07 are around 6–7 per cent annually, inflation is low and the budget deficit is within Maastricht Treaty limits. Unemployment has been reduced dramatically thus, here and there, causing some labour shortage problems. Our exports are expanding at more than satisfactory rates. What is more, productivity growth for most of the transformation period has easily allowed steady wage increases as well currency appreciation. What is most encouraging, however, is an investment growth rate at above 20 per cent and foreign direct investment (FDI) inflows exceeding US$15 billion in 2006, and over US$6.4 billion in the first five months of 2007 and reaching over US$110 billion since the start of the transformation.

Suggested Citation

  • Wojciech Bieńkowski, 2008. "The European Union and the New Member States’ Dilemmas: The Case of Poland," Palgrave Macmillan Books, in: Wojciech Bieńkowski & Josef C. Brada & Mariusz-Jan Radło (ed.), Growth versus Security, chapter 6, pages 136-156, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22823-8_6
    DOI: 10.1057/9780230228238_6
    as

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