Poland’s Extraordinary Transformation

WASHINGTON:  Twenty-five years ago this autumn two remarkable events took place in Washington. On September 27th, 1989 in the musty embassy ballroom of the Polish People’s Republic on upper 16th Street, Leszek Balcerowicz, finance minister in the new non-communist government, outlined a plan to transform Poland’s economy from communism to capitalism. Shock therapy would be launched in three months. Balcerowicz’s message was breathtaking.  Prices would … Continue reading Poland’s Extraordinary Transformation