Rozwój gospodarczy i bieda
Economic Development and Poverty

Summary/Abstract: The increasing level of inequality in income distribution observable in world economic development is a serious threat for the future. What can be expected is gradual deterioration of average living conditions. One serious cause is population growth which is remembered but not discussed here. Attention is focused on the other active factor which is financialisation of the economic system. This implies that a third partner emerged in the relations between the market and the state, named the financial markes. This made the system more complex, causing i.a. serious deformation in income distribution and increase in poverty. This new situation creates a challenge both for economic theory and policy. The basic precondition to avoid deterioration of life is a general international agreement on creating conditions for the implementation of a world strategy of sustained development. This proved so far to be unachievable. Therefore the hypothesis for the future is that of growing differentiation of levels of living between countries and formation of groups with widely differing development programmes. Special attention is given to medium-sized mediumdeveloped countries which may preserve the possibility of maintaining high rates of growth and reducing their own income polarization levels on the basis of participation in integrated systems (e.g. Poland in the European Union and the eurozone).

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