Corruption belies Poland's prosperity

Published: 29 March 2004 y., Monday
Just weeks before Poland joins the European Union on May 1, Warsaw struts a new prosperity. But all is not what it seems: Despite strong economic growth driven by exports, the country faces high unemployment, political uncertainty and deeply rooted corruption. Paradoxes abound. Those who can afford new Volvos or BMWs must still drive them along potholed roads. The hip cafes that draw fashionable young people are often housed in drab Stalinist-era concrete block buildings. And many of the luxury goods for sale in the bright new shops and malls remain off-limits to many in Poland, where only 1 percent earn above $18,000 a year. Such contrasts exist in all eight former communist states due to join the EU, but the stakes are highest in Poland, the largest of the new countries. With more than 38 million people, Poland accounts for 52 percent of the new EU citizens. Poles will be 8.4 percent of the union’s population, so its economy performance will have a major impact on the rest of the bloc, the world’s largest economic union. Analysts say that Poland’s greatest economic strength is the many modern, efficient companies that have made the transition and are already selling successfully to EU countries. Ten years ago, Polish exports consisted mostly of raw products like coal, sulfur, apples and meat. Today, exports also include higher-value goods like precision surgical instruments, pharmaceuticals and car engines.
Šaltinis: detnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taking stock of the single market

Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation. more »

Japan debuts new bullet train

Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour). more »

The Security Technology Exhibition KIPS 2011 to be Held in Kiev

The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’ more »

Dubai dining reaches new heights

The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower. more »

Clarifying rules to strengthen consumer rights

The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday. more »

Fiji and Papua New Guinea: green light for economic agreement

MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU. more »

Setting the stage for economic recovery

Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'. more »

Capsule rooms appear in Shanghai

China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market. more »

A turning point for the European financial sector

Declaration by Michel Barnier on the start of three new authorities for supervision. more »

A successful start for the euro changeover in Estonia

On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan. more »