The Creation of the Trap's Debt PRL and Attempts to Terminate it at the End the Eighties and Nineties of the Last Century (until 1989) Cover Image

Powstanie pułapki zadłużeniowej PRL i próby jej rozwiązania na przełomie lat osiemdziesiątych i dziewięćdziesiątych ubiegłego wieku (do 1989 r.)
The Creation of the Trap's Debt PRL and Attempts to Terminate it at the End the Eighties and Nineties of the Last Century (until 1989)

Author(s): Przemysław Czernicki
Subject(s): Economy, National Economy
Published by: Towarzystwo Naukowe KUL & Katolicki Uniwersytet Lubelski Jana Pawła II
Keywords: foreign debt; credit; payment problems; bankruptcy

Summary/Abstract: This article aims to bring issues concerning creation in the decade of the seventies of the twentieth century, the problem of excessive debt then your Polish. This was the result pursued by exercising the power team of Edward Gierek's so-called policy of openness to economic cooperation with Western countries. The approach of established financial and diplomatic cooperation with capitalist states meant the animators had to lead at the same time to catch up on the state of civilizational backwardness and to pacify the negative public sentiment. At the same time it meant allowing large-scale use of the increase in foreign debt Polish People's Republic as the basis for a more dynamic pace of economic development. Borrowings helped the communist authorities, above all, maintain inefficient economic system, providing him with funds to create temporary, illusory prosperity. As a result, instead of reducing the differences of civilization since the seventies Polish increased dependence on external centers. In addition, the creation of the problem of over-indebtedness and the impossibility of its use for many years paralyzed the possibilities of development of The Polish economy and contributed to the eventual collapse of the socialist system.

  • Issue Year: 44/2016
  • Issue No: 1
  • Page Range: 101-124
  • Page Count: 24
  • Language: Polish