Zadłużenie zagraniczne Polski jako problem strukturalny polskiej gospodarki w latach 1970-2015
Polish foreign debt as a structural problem of the Polish economy from 1970-2015
Author(s): Zbigniew KlimiukSubject(s): Economy, National Economy, Economic history, Post-War period (1950 - 1989), Socio-Economic Research
Published by: Akademia Nauk Stosowanych w Koninie
Keywords: foreign debt; debt crisis; debt trap; solvency; International Monetary Fund; balance of payments and trade; export; terms of trade; creditors; Paris Club; London Club;
Summary/Abstract: The common trait of Polish economy during the last 45 years (1970-2015) is its growing foreign debt. The process started at the beginning of the 1970s and it has continued up until now. Poland’s debt in capitalistic countries determined our development for nearly 30 years, and the only solution (especially at the beginning of the 1990s) was the increase of export value to these states. Later on some other measures were taken and agreements with creditors were signed. Finally, the relation between foreign debt and GDP fell down from 66% in 1991 to 35% in 1996.
Journal: Konińskie Studia Społeczno-Ekonomiczne
- Issue Year: 2/2016
- Issue No: 3
- Page Range: 273-306
- Page Count: 34
- Language: Polish