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

Putin reassures Russia on economy

Vladimir Putin appeared on live television and radio for his annual question-and answer session with the public. more »

EUFISERV Payments, ATM Scheme comply with SEPA; separate from processing biz in Europe

EUFISERV Payments announced today that the separation of the EUFISERV ATM Scheme from EUFISERV's former processing business is now complete, and is in line with the SEPA requirements of the European Central Bank and the European Commission. more »

Detroit impacts Mexico's economy

600,000 Mexicans work in the auto and auto parts industries, and U.S. automakers run around a dozen plants. more »

Time for Britain to join euro?

The President of the European Commission Jose Barroso says some British politicians are considering signing up to the euro more »

U.S. officially in a recession

It's official. The U.S. economy is in a recession. more »

Credit crunch – the EU at work

The crisis that started in the US over a year ago has sent shock waves around the globe. more »

Kick-starting the economy

Offering a coordinated response to the EU’s deepening economic crisis, the Commission is proposing €200bn in measures to boost purchasing power and generate growth and jobs. more »

UK promises billions in stimulus

The two men charged with keeping Britain's economy afloat moved on Monday to ward off a deepening recession. more »

An aging Europe - MEPs call for social security reform

European citizens are getting older and greyer. By 2050 it is estimated that the average age in the European Union will be 49, up from 39 now. more »

Obama's economic stimulus plan

Addressing U.S citizens, Barack Obama spoke of plans to revive the economy. more »