COMPARATIVE ECONOMIC DEVELOPMENT MODELS POLAND AND THE REPUBLIC OF KOREA
COMPARATIVE ECONOMIC DEVELOPMENT MODELS POLAND AND THE REPUBLIC OF KOREA

Summary/Abstract: Poland and South Korea are widely recognised as successful examples of economic transformation. Asa result of transformation, poor and economically underdeveloped states have managed to maintainextraordinary economic growth for a long time, significantly improving their citizens’ quality of life and joiningthe group of highly developed economies. The changes in both states were implemented on the basis of consistentreferences to two different paradigms of political economy: interventionist and liberal. This article presentstheoretical models of growth, trying to match them with the practical dimension of the economic policy of the twostates. The aim of the comparison is to define and present these models and their empirical verification. Theperiod of the study in the case of South Korea comprises mainly the developments after 1961, and in the case ofPoland, the reforms after 1989. The article consists of five sections dealing, respectively, with: theoretical aspectsof development; justification of the comparison and the choices made by the states; transformation in SouthKorea; transformation in Poland; and finally, the summary.

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