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An overview of polands economy and government

Poland Poland - Overview of economy The main revenue-producing sector of the Polish economy is the service sector, which generated approximately 60 percent of the gross domestic product GDP in 2000.

Industry, much of it connected to the mining of mineral wealth, is next in importance at nearly 37 percent of GDP. Except for the rivers traversing Poland from the mountains in the south to the Baltic Sea in the north, the country's topography is free of any major obstacles to freedom of movement and the country has provided a natural network of east-west trade links for Europe dating back to ancient Roman times.

Poland: country overview

Polish cities benefitted from trade for centuries, though numerous wars and military campaigns repeatedly destroyed the infrastructure and depleted the country's periodically accumulated wealth. The last wave of devastation was caused by World War II 1939-45. Traditionally, Poland has been a large agricultural producer, with the broad, open valleys of the Oder and Vistula rivers providing excellent farmland. However, in recent years, due to a combination of changing farming methods, stiff competition, and environmental hazards such as soil erosion and water pollution, agricultural activity has declined significantly and accounted for only 3.

In the 1600s, Poland was the main grain supplier in Europe and the country prospered considerably through the grain trade.

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By the late 1700s, however, the country fell victim to aggressive treaties between its neighbors, Russia, Austria, and Prussia, and ceased to exist as an independent state. The country was divided into thirds, annexed by its neighbors, and absorbed into their territories. Consequently, for 123 years, until the end of World War I in 1918, Poland was developed within separate economic and political entities.

Reconstituted as an independent nation under U.

  • With victory at the Battle of Vienna in 1683, King Jan III Sobieski of Poland was able to break the Ottoman siege of Vienna and end the threat of a possible occupation of western Europe Poland is rich in natural mineral resources, including iron, zinc, copper and rock salt;
  • Polish cities benefitted from trade for centuries, though numerous wars and military campaigns repeatedly destroyed the infrastructure and depleted the country's periodically accumulated wealth;
  • While the Polish economy has performed well over the past five years, growth slowed in 2013 and picked back up in 2014-15;
  • In the 16th century Poland was one of the most powerful countries in Europe;
  • Poland has the sixth-largest economy in the EU and has long had a reputation as a business-friendly country with largely sound macroeconomic policies;
  • For example, with the closing of a number of coal mines and a slowing down of heavy industry, with a consequent loss of jobs, new sectors such as telecommunications, banking, and insurance are developing.

President Woodrow Wilson's peace plan in 1918, the country had to deal with the legacy of 3 foreign economic systems and uneven levels of infrastructure. The worldwide effects of the Great Depression of the 1930s and the devastating consequences of World War II hampered Polish economic growth in the first half of the 20th century. Freed from Nazi occupation by the spring of 1945, the country then fell into the sphere of the Soviet Union's influence.

  1. After an initial period of accelerated inflation in early 1990, the economy stabilized by the end of 1992. Among the 55-64 age group, nearly 19 percent have had a college education.
  2. However, the government reduced the retirement age as of October 2017 and has tried to introduce new taxes and boost tax compliance to offset the increased costs of social spending programs and relieve upward pressure on the budget deficit. Freed from Nazi occupation by the spring of 1945, the country then fell into the sphere of the Soviet Union's influence.
  3. In the 16th century Poland was one of the most powerful countries in Europe. Poland has the sixth-largest economy in the EU and has long had a reputation as a business-friendly country with largely sound macroeconomic policies.

From the late 1940s until 1989, Poland's economy was again controlled by foreign dictate, which poured the country's resources into the creation of a huge industrial complex. The Soviet program deprived other economic sectors of resources, caused environmental pollution, and lowered the quality of life in Poland.

The unpopularity of the economic policies led to organized protests by the Solidarity labor movement that began in the summer of 1980 and resulted in the eventual defeat of the pro-Soviet government in 1989.

  • Everything from stairs to chandeliers is made from salt;
  • Traditionally, Poland has been a large agricultural producer, with the broad, open valleys of the Oder and Vistula rivers providing excellent farmland;
  • From the late 1940s until 1989, Poland's economy was again controlled by foreign dictate, which poured the country's resources into the creation of a huge industrial complex;
  • Department of Commerce utilizes its global presence and international marketing expertise to help U.

Subsequent negotiations between the authoritarian regime and the democratic opposition brought political and economic change, and the non-democratic state-controlled economy gave way to the free market system. Widely known as "shock therapy," the economic policy adopted by the newly elected democratic government early in 1990 was directed at balancing the national budget.

A number of simultaneously implemented reforms liberalized prices and international trade, eliminated political censorship, restored private ownership, and began the privatization of state-owned assets. After an initial period of accelerated inflation in early 1990, the economy stabilized by the end of 1992. Between 1993 and 2000, Poland experienced a run of robust economic growth, offsetting the effects of economic contraction suffered in the 1980s and the early 1990s.

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However, the 1999 employment total of 16. Also, the number of farmers increased by about 10 percent, reflecting structural changes in the economy that reduced the labor force engaged in heavy industry and providing employment in some rural areas, particularly in southern and southeastern Poland.

  • Economy overview Poland has pursued a policy of economic liberalization since 1990 and Poland's economy was the only EU country to avoid a recession through the 2008-09 economic downturn;
  • The most important sectors of Poland's economy in 2015 were Industry 26;
  • With its network of 108 offices across the United States and in more than 75 countries, the U.

In general, the Polish labor force is relatively well educated and literacy rates are high 99 percent for men and 98 percent for women. Only 15 percent of the total Polish population have had no more than a primary education, and a significant proportion of those are aged 55 and above.

Among the 55-64 age group, nearly 19 percent have had a college education. In recent years, the demand for higher education has increased dramatically and about a third of those in their early twenties are enrolled in public or private colleges.

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Sustained economic growth has continued despite frequent changes of government since 1989. Though governments have alternated between conservative and leftist, they have all shared a strong commitment to democracy and free market principles. Unemployment has remained relatively high, about 15 percent in 2000, largely because of the continuing structural adjustments to the economy that are necessary after decades of Soviet mismanagement.

The government now attempts to focus on maximizing the use of the country's resources to assure the highest possible standard of living. For example, with the closing of a number of coal mines and a slowing down of heavy industry, with a consequent loss of jobs, new sectors such as telecommunications, banking, and insurance are developing.

Poland - Overview of economy

Growth is nonetheless steady, and this factor, combined with a large domestic market, attracts foreign direct investment. Recent years have witnessed rapid growth in retailing, food and hotel services, and communications. Poland is negotiating for membership in the European Union EUbut the question of agricultural subsidies is proving one of the most difficult areas on which to reach agreement.

  1. However, in recent years, due to a combination of changing farming methods, stiff competition, and environmental hazards such as soil erosion and water pollution, agricultural activity has declined significantly and accounted for only 3. The unpopularity of the economic policies led to organized protests by the Solidarity labor movement that began in the summer of 1980 and resulted in the eventual defeat of the pro-Soviet government in 1989.
  2. The Masuria region forms the largest and most-visited lake district in Poland. With its network of 108 offices across the United States and in more than 75 countries, the U.
  3. However, in recent years, due to a combination of changing farming methods, stiff competition, and environmental hazards such as soil erosion and water pollution, agricultural activity has declined significantly and accounted for only 3. Recent years have witnessed rapid growth in retailing, food and hotel services, and communications.
  4. Investment and export opportunities exist in the energy sector as Poland seeks to diversify its energy mix, as well as in defense and digital technologies. The government now attempts to focus on maximizing the use of the country's resources to assure the highest possible standard of living.

Although a date had not yet been set for joining the EU by 2001, the majority of Poles expect to become EU citizens within the first decade of the 21st century. Comment about this article, ask questions, or add new information about this topic: