Europe’s growth champion – marcin piatkowski – oxford university press gas stoichiometry formula

What makes countries rich? What makes countries poor? Europe’s Growth Champion: Insights from the Economic Rise of Poland seeks to answer these questions, and many more, through a study of one of the biggest, and least heard about, economic success stories.

Over the last twenty-five years Poland has transitioned from a perennially backward, poor, and peripheral country to unexpectedly join the ranks of the world’s high income countries. Europe’s Growth Champion is about the lessons learned from Poland’s remarkable experience, the conditions that keep countries poor, and the challenges that countries need to face in order to grow. It defines a new growth model that Poland and its Eastern European peers need to adopt in order to continue to grow and catch up with their Western counterparts.

Europe’s Growth Champion emphasizes the importance of the fundamental sources of growth– institutions, culture, ideas, and leaders– in economic development. It argues that a shift from an extractive society, where the few rule for the benefit of the few, to an inclusive society, where many rule for the benefit of many, was the key to Poland’s success. It asserts that a newly emerged inclusive society will support further convergence of Poland and the rest of Central and Eastern Europe with the West, and help to sustain the region’s Golden Age. It also acknowledges the future challenges that Poland faces, and that moving to the core of the European economy will require further reforms and changes in Poland’s developmental character.

"A new book on Polands success, Europe’s Growth Champion, by Marcin Piatkowski, highlights a paradox. What outsiders saw, and Poles bemoaned, in 1989 was indeed dreadful, a destitute country with dire infrastructure, pitiful wages, clapped-out industry and bankrupt public finances. But the deeper legacy of communism, the book argues, was a positive one. … Mr Piatkowski’s arguments deserve careful consideration. The question of why some countries get rich and others stay poor is the most important economic puzzle of our times, and one that economists themselves struggle to solve." – Edward Lucas, The Times

"Poland’s economic success over the last three decades is nothing short of remarkable. This insightful book shows how Poland owes its success to its ability to build broadly inclusive economic institutions, and traces the roots of this institutional transformation to the countrys history, to its political transition driven by its middle class, to the anchor that the European Union provided, and to good political leadership. A must read for anybody who wants to understand the process of economic reform, especially today when we are witnessing the rise of an authoritarian government in Poland threatening to reverse some of these achievements." – Daron Acemoglu, Massachusetts Institute of Technology, US

"No country did better than Poland after the fall of communism. This book dissects not just the specific policies that made this successful transition possible, but also its deeper roots in culture, institutions, and ideas providing some surprising answers along the way. Piatkowski has written a deeply hopeful book that shows the way forward for Poland and other similarly situated economies." – Dani Rodrik, Harvard University, US

"An ambitious and successful effort at explaining the evolution of Poland from feudalism to communism and to today’s success story. Full of insights, with deep lessons about development in general. A pleasure to read." – Olivier Blanchard, Peterson Institute, US, former Chief Economist of the International Monetary Fund

"Most countries in the world are trapped in poverty or middle-income status. However, a country’s destiny can change. Piatkowski analyses Poland’s recent success of ascending from a relatively poor to a high-income country in a generations time. The book provides both inspiration and useful lessons for countries still struggling to change the fate of their nations." – Justin Yifu Lin, Peking University, China, former Chief Economist of the World Bank

"This book is a tour de force on socio-economic changes in Poland a country that initiated the historic process of transition and became its most successful economy. Piatkowski persuasively explains how this happened and what is the likely future for Poland and Europe." – Grzegorz W. Kolodko, Kozminski University, former Deputy Premier and Minister of Finance of Poland