DonaldsonPoland

DonaldsonPoland - Poland International Trade Background...

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Poland International Trade
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Background History -Poland is located in the northern portion of central Europe -The capital of Poland is Warsaw. http://www.cia.gov/cia/publications/factbook/geos/pl.html
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Background History Size: 312,685 km (slightly smaller than New Mexico) Land: 304,465 km Water: 8,220 km Coastline: 491 km (Baltic Sea) Terrain: Mostly flat, mountainous along southern border Major Natural Resources: coal, sulfur, copper, and silver. http://www.cia.gov/cia/publications/factbook/geos/pl.html
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Background History Population: 38,635,144 (2004) Age 0-14= 16.7% Age 15-64= 70.3% Age 65+= 13% Population Growth Rate: .03% Hungary’s= -.26%, Czech Republic= -.05%, Germany= 0%, Belarus= -.09, Ukraine= -.63%, Lithuania= -.3, Slovakia= .15% Life Expectancy: 74.74 years old http://www.cia.gov/cia/publications/factbook/geos/pl.html
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Government Type: Republic Divided into 16 provinces President elected by open elections Bi-cameral legislature Senate (100 seats) Sejm (460 seats) http://www.cia.gov/cia/publications/factbook/geos/pl.html
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International Trade 1945-1970 : Communist government restricts trade to only Soviet countries. Poland became very dependent on Soviet Union. 1971-1980 : Government restricts all western European trade. 1981-1990 : Poland becomes the fifth largest ship producer in the world. Was most of Poland’s entire trade Export mostly to Soviet Union 1986 - Poland amends laws and allows bonds to be sold to foreign investors. State enterprises were allowed to issue bonds and join joint ventures with foreign investment. Did not raise FDI enough to see any change http://www.pbs.org/wgbh/commandingheights/lo/countries/pl/pl_trade.html
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International Trade in Transition 1989 - 2 tier banking system created The Law on Economic Activity Small step to correct rising inflation 1990-1991 : “Shock Therapy” opens up trade markets. Significant increases in FDI and Trade % of GDP Increased the previously falling real GDP Corrected the out of control inflation Laws making it safer for foreign investors were put in place Foreign investors mostly only invested if they received management rights http://www.pbs.org/wgbh/commandingheights/lo/countries/pl/pl_trade.html
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Trade Organizations PHARE signed in 1989 Designed to bring aid from European Communities to Poland and
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This note was uploaded on 07/17/2008 for the course ECON 508 taught by Professor Fleisher during the Winter '06 term at Ohio State.

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DonaldsonPoland - Poland International Trade Background...

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