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6 The economic transformation debate

  • Jarosław Kuisz
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The new politics of Poland
This chapter is in the book The new politics of Poland

Abstract

This chapter explores the thirty-year debate over Poland’s economic transformation. Like other former-Soviet states, Poland underwent a dramatic programme of economic transformation after 1989. This “shock therapy” was spear-headed by the economist Leszek Balcerowicz, and it caused significant economic hardship at the time, a fact that many Poles still remember. Arguments about whether shock therapy was right or whether a “gradualist” approach would have been less harmful have raged for years. But a distinct turn occurred around the middle of the 2010s, with more and more people expressing dissatisfaction with the market economy, despite a generally good economic outlook. When Law and Justice were elected in 2015, they took advantage of the sense of disgruntlement to launch their new socio-economic agenda.

Abstract

This chapter explores the thirty-year debate over Poland’s economic transformation. Like other former-Soviet states, Poland underwent a dramatic programme of economic transformation after 1989. This “shock therapy” was spear-headed by the economist Leszek Balcerowicz, and it caused significant economic hardship at the time, a fact that many Poles still remember. Arguments about whether shock therapy was right or whether a “gradualist” approach would have been less harmful have raged for years. But a distinct turn occurred around the middle of the 2010s, with more and more people expressing dissatisfaction with the market economy, despite a generally good economic outlook. When Law and Justice were elected in 2015, they took advantage of the sense of disgruntlement to launch their new socio-economic agenda.

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