A former Eastern block country, which opposed Soviet power from the1980s, in 1990 Poland moved to a market economy.
Publié le 23/05/2020
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A former Eastern block country, which opposed Soviet power from the
1980s, in 1990 Poland moved to a market economy.
This transition brought
with it hyper inflation, massive unemployment and a drop in the Polish
people's standard of living.
Thousands of state-run businesses have been
privatised.
Isolated since the last elections in 1993, the President of the Republic,
Lech Walesa, architect of the Polish transformation, was defeated at the
end of 1995 by Alexandre Kwasniewski (former Communist).
Despite a still
high level of unemployment, growth has been particularly marked in
industry, while numerous foreign investors are establishing themselves in
Poland.
The country has been a member of the OECD since July 1996..
»
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