Development prospects and political and economic system: a case study of selected european countries Cover Image

Perspektywy rozwojowe a system politycznogospodarczy. Studium przypadku wybranych państw europejskich
Development prospects and political and economic system: a case study of selected european countries

Author(s): Elżbieta Czarny, Paweł Folfas, Jerzy Menkes
Subject(s): National Economy
Published by: Wydawnictwo Uniwersytetu w Białymstoku
Keywords: transition; comparative analysis; macro indicators

Summary/Abstract: The author analyzes the relationship between the political and economic system and the development possibilities of a country. An interdisciplinary approach is used, including analytical tools from the fields of economics, law and politics. The author verifies the well-known assumption - lying at the roots of the transition in Central and Eastern Europe, that better results are achieved by open, free-market and democratic countries rather than closed and non-democratic ones. Basic macro indicators, such as GDP, GDP per capita, exports, trade balance and FDI inflows, are used to analyze the economic performance of Poland, Croatia, Belarus and Serbia in the years 2000-2014 (or 2000-2013). However, the verification of the abovementioned assumption has proved to be impossible due to the macro data illustrating the economic performance of Belarus and Croatia. Therefore, the popular conviction of a positive correlation between economic success and economic openness, free market policies, and democratic principles is either false, or there are some distorting factors.

  • Issue Year: 82/2016
  • Issue No: 4
  • Page Range: 15-32
  • Page Count: 18
  • Language: Polish