Globalization is a vague concept, used for some time, whose various stages can be traced to the XV century. From the economic perspective it is the historical process of gradual liberalization followed by progressive integration of fragmented capital and commodity markets, the markets of...

Over 1.8 billion people, from Central Europe to East Asia, have been involved in the great systemic transformation to market economy, civic society and democracy. The process has brought mixed fruits. The diversification of the current situation is a result of both the legacy from the past and...

When it seems that everything or nearly everything has been said about the prerequisites and prospects of economic growth - in the Polish context, too - it is worthwhile to revisit certain aspects of this phenomenon, which is of vital importance for the functioning and development of society....

The paper discusses the relations between fiscal policy, savings, capital formation and growth in transition economies. In the 1990s they have suffered significant recession and persistent imbalances. Fiscal policies were aiming mainly at the structural adjustment, liberalization and...

The paper considers the issues of severe breakdown of production and the causes of persisting fiscal deficit in the economies in transition from a centrally planned to a market system. Although these events are due to a legacy of the previous system and to macroeconomic stabilization policies,...

The paper discusses conditions and prospects for fast and durable growth in emerging market economies. In the course of history less than 30 countries have become rich and still more than 80 percent of the world population is lagging behind. In many cases a lot indeed. It is true not only for...