Why, during crisis, Poland stays with a rate of growth positive?

TERRIEN Thomas
Master International Business
International Finance
ENSEC : November 2010

TABLE OF CONTENTS

Introduction p. 3

Chapter 1: Situation to 2009, comparison with EU countries p.4 A/ Gross Domestic Product, and Gross Domestic Income, explication p.5 1/ Definition 2/ Presentation of European Countries and their rates of growth B/ The Zloty, an advantage during the crisis p.6 1/ Fluctuation of the money 2/ European Subventions

Chapter 2: Economic policies used p.8 A/ Keynes and liberalism: confrontation of concepts during the crisis p.9 B/ Perspective economic in the future

Conclusion

Introduction

Who could tell us few years ago that Poland will become the country that we know currently?
After a difficult past with the second war world and its communist past, Poland is become a country in the heart of Europe. If Poland was considered by the biggest country of Europe (France, England, Germany) as the weak link since its integration in 2004, during the world economic crisis it is the only country in Europe with a rate of growth positive. Showing its power to the rest of the world, Poland found its place in Europe and became the pulmonary of Europe during the economic crisis of 2009. With a president conservative, member of PIS[1], Lech Kaczynski and his government found a solution which worked, without following advices of Europe’s members and considering an economic policy contrary to France, England and Germany. The world economic crisis is born in USA with the subprime crisis in 2007, touching at first the building sector; it affected the banks and all the monetary system. Damaged by this first crisis, Europe continued its decline with the Greek crisis in 2010. So how is possible that facing a world economic