QUESTION 1: How was Poland able to avoid the worst effects of the economic crisis that
gripped most of Europe during 2008–2009?
Poland was able to avoid the worst effects of the economic crisis by being fiscally
conservative keeping public debt in check, not allowing it to expand during the recession;
joining the European Union, giving it easy access to the large consumer markets of
Western Europe; and curbing inflation to ease Poland’s entry into the European Union.
QUESTION 2: What lessons can be derived from the Polish experience during
2008–2009? The lessons that can be derived from the Polish experience during 2008-2009
include the fact that Poland was able to embrace change. The transition from communist
rule to a democracy went smooth and they were able to successfully implement the
market-based economic rule. Another lesson to be learned is the fact that Poland was able
to keep public debt in check. Other countries allowed the public debt to expand during the
recession, contributing to their economic downfall.
QUESTION 3: From the perspective of international business, what is attractive about the
Polish economy? What are the weaknesses and risks associated with doing business there?
The polish economy is attractive because they know how to maintain the monetary policy;
they have simplified tax laws, reduced tax rates, and attempted to remove bureaucratic
hurdles. The latest Entrepreneurship Law makes it easier to start a business in Poland. On
the other hand, it could be difficult doing business with Poland because of extensive