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Yes - main benefit of EU is regulatory stabilization and open market. Ironically also this was working also before joining EU (most of the adjustment happening
by mazurnification 4mo ago
Yes - main benefit of EU is regulatory stabilization and open market. Ironically also this was working also before joining EU (most of the adjustment happening as requirement to join EU and implemented before joining).
- lo_zamoyski 4mo agoMuch of the stabilization was due to the strong domestic market. Recall that Poland was the only country to avoid the 2008/2009 recession. It is tight global integration that causes recessions to spread.
- airstrike 4mo agoBrazil also famously avoided the 2008-09 recession to a great extent, to name one example. Tight global integration is not a bad thing. Even if we took at face value your argument that a strong domestic market protected Poland in that case, you can't cherry pick the one instance in which lower-than-expected integration was beneficial without also considering all the other times in which it was harmful.
- lo_zamoyski 4mo agoBut this was largely the particular cause in this case... The strong domestic market insulated the economy from international economic shocks.
- airstrike 4mo agoThe US also has a very strong domestic market and yet it was not "insulated"
- lo_zamoyski 4mo agoThat's because the shocks came from the domestic US market!
- scotty79 4mo agoPoland's growth does well when everyone is in the dip. Even in 2020 crisis Poland dipped less than other. Although the difference was less that time. 8 years of populist rule did harm Poland a bit.
- PunchyHamster 4mo agoA lot of it also was behind a requirement to basically "fix your shit". You could get the money but you had to get bureaucracy to be right and transparent to cut down on fraud, and that helped the rest of the govt to have less fraud.