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Encyclopedia > Leszek Balcerowicz
Leszek Balcerowicz
Leszek Balcerowicz

Leszek Balcerowicz (pronounced: Image:Ltspkr.png ['lεʃεk balʦε'rɔviʧ]) (born January 19, 1947) is one of the greatest economist from Poland and former chairman of the National Bank of Poland. He is famous for implementing the Polish economic transformation program, commonly known as shock therapy in the 1990s. Image File history File linksMetadata Size of this preview: 482 × 599 pixels Full resolution (1076 × 1338 pixel, file size: 186 KB, MIME type: image/jpeg) Leszek Balcerowicz, Polish politician and economist (in WrocÅ‚aw, during his honoris causa title celebration) File links The following pages on the English Wikipedia link... Image File history File linksMetadata Size of this preview: 482 × 599 pixels Full resolution (1076 × 1338 pixel, file size: 186 KB, MIME type: image/jpeg) Leszek Balcerowicz, Polish politician and economist (in WrocÅ‚aw, during his honoris causa title celebration) File links The following pages on the English Wikipedia link... The purpose of this page is to lay out our policies for handling sounds, and give people some useful information for handling sound files. ... Alan Greenspan, former chairman, United States Federal Reserve. ... The National Bank of Poland (Narodowy Bank Polski in Polish), is the central bank of Poland. ... In economics, shock therapy refers to the sudden release of price and currency controls, withdrawal of state subsidies, and immediate trade liberalization within a country. ...

Contents

Biography

In 1970 he graduated with distinction from the Foreign Trade faculty of the Central School of Planning and Statistics in Warsaw (now the Warsaw School of Economics). Balcerowicz received his doctorate from the Warsaw School of Economics in 1975 and an MBA from St. John's University in New York, in 1974. For other uses, see Warsaw (disambiguation) and Warszawa (disambiguation). ... Warsaw School of Economics (WSE) is the oldest and most prestigious economic university in Poland. ... Master of Business Administration (MBA) is a tertiary degree in business management. ... St. ... This article is about the state. ...


He was a member of the Polish communist party (Polish United Workers' Party) from 1969 until the declaration of martial law in Poland, in 1981. In the late 1970s he participated in an economic-advisory team associated with the prime minister of People's Republic of Poland. In 1978-1980 he worked at Institute of Marxism-Leninism. Later he became an economics expert in the independent trade union Solidarity, and was forced to leave the communist party. In modern usage, the term communist party is generally used to identify any political party which has adopted communist ideology. ... The Polish United Workers Party (PUWP; in Polish, Polska Zjednoczona Partia Robotnicza, PZPR), was the governing political party in communist_ruled Poland from its creation (through a fusion of the communist Polish Workers Party and the left wing of the Polish Socialist Party) in December 1948 until the regimes electoral... Broadcast of Wojciech Jaruzelski declaring martial law (December 13, 1981) The period of martial law in Poland refers to the period of time from December 13, 1981 to July 22, 1983 when the government of the Peoples Republic of Poland drastically restricted normal life. ... Capital Warsaw Language(s) Polish Government Socialist republic Leaders  - 1948–1956 BolesÅ‚aw Bierut (First)  - 1981-1989 Wojciech Jaruzelski (Last) Prime minister  - 1944-1947 E. Osóbka-Morawski  - 1947-1952 and 1954-1970 Józef Cyrankiewicz  - 1952-1954 BolesÅ‚aw Bierut  - 1970-1980 Piotr Jaroszewicz  - 1980 Edward Babiuch  - 1980-1981... Year 1978 (MCMLXXVIII) was a common year starting on Sunday (link displays the 1978 Gregorian calendar). ... Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ... The Communist Party’s Institute for Basic Problems of Marxism-Leninism (Polish: ) was a marxist think tank of Polish United Workers Party existing 1974-1984. ... A trade union or labor union is an organization of workers. ... Solidarity (Polish: ; full name: Independent Self-governing Trade Union Solidarity — Niezależny SamorzÄ…dny ZwiÄ…zek Zawodowy Solidarność) is a Polish trade union federation founded in September 1980 at the then Lenin Shipyards, and originally led by Lech WaÅ‚Ä™sa. ...


From September 1989 to August 1991 and also between October 31, 1997 and June 8, 2000 he held the positions of Deputy Prime Minister and Finance Minister of Poland. Between 1995 and 2000 he was the chairman of Freedom Union, then a centrist political party. On December 22, 2000 he became the Chairman of the National Bank of Poland. He was also a columnist for Wprost, a popular Polish news magazine,. A prime minister is the most senior minister of a cabinet in the executive branch of government in a parliamentary system. ... The finance minister is a cabinet position in a government. ... The Unia Wolności (Freedom Union, UW) is a liberal party in Poland, which was founded on March 20, 1994 out of the merger of the Democratic Union (Unia Demokratyczna, UD) and the Congress of Liberal Democrats (Kongres Liberalno-Demokratyczny, KLD). ... In politics, centrism usually refers to the political ideal of promoting moderate policies which land in the middle ground between different political extremes. ... “Political Parties” redirects here. ... A columnist is a journalist who produces a specific form of writing for publication called a column. Columns appear in newspapers, magazines and the Internet. ... Wprost (Direct) is a weekly newsmagazine in Poland. ...


On November 11, 2005, the President of Poland, Aleksander Kwaśniewski, awarded L. Balcerowicz with the country's highest decoration, the Order of the White Eagle, for his contribution to Poland's economic transformation. President is a title held by many leaders of nothing, companies, trade unions, universities, and countries. ... Aleksander KwaÅ›niewski ( ; born November 15, 1954) is a Polish politician who served as the President of Poland from 1995 to 2005. ... Order of the White Eagle (badge) The Order of the White Eagle (Polish Order OrÅ‚a BiaÅ‚ego) is Polands highest decoration awarded to both civilians and the military for their merits. ...


Balcerowicz is a member of the Commission on Legal Empowerment of the Poor, an independent initiative hosted by the UNDP and the first global initiative to focus specificially on the link between exclusion, poverty and the law. The Commission on Legal Empowerment of the Poor is the first global organization to focus specifically on the link between exclusion, poverty and law. ... The United Nations Development Programme (UNDP) is the largest multilateral source of grant technical assistance in the world. ...


Balcerowicz Plan

For more details on this topic, see Balcerowicz Plan.

The Balcerowicz Plan was a series of reforms, which sought to end hyperinflation and balance the national budget. The prices of most consumer goods were freed and caps for annual increases established in state-sector employees' wages. Poland's currency, the Złoty was made convertible within the country's borders. This resulted in a substantial increase in prices and forced state-owned companies to become competitive. This amounted to a real shock to the Polish economy. The Balcerowicz Plan (Polish: Plan Balcerowicza), also termed Shock Therapy, was a method for rapidly transitioning from a communist economy, based on state ownership and central planning, to a capitalist market economy. ... The Balcerowicz Plan (Polish: Plan Balcerowicza), also termed Shock Therapy, was a method for rapidly transitioning from a communist economy, based on state ownership and central planning, to a capitalist market economy. ... ZÅ‚oty (literally meaning golden, plural: zÅ‚ote or zÅ‚otych, depending on the number) is the Polish currency unit. ...


The reforms were very controversial and made Balcerowicz an object of harsh criticism. On the other hand most economists agree that without this shock therapy, which sacrificed short-term gains for long-term growth, modern Poland would be a much poorer country. For example, Poland's annual growth rate between 1989 and 2000 was one of the highest of all post-Communist economies.


Honorary Doctorates

  • Warsaw School of Economics (Szkoła Główna Handlowa, SGH), Warsaw, Poland,
  • Poznań University of Economics, Poland
  • University of Aix-en-Provence, France
  • University of Sussex, UK
  • DePaul University, Chicago, U.S.
  • University of Szczecin, Poland
  • Staffordshire University, UK
  • Mikołaj Kopernik University of Toruń, Poland
  • Dundee University in Scotland, UK
  • Economic University in Bratislava, Slovakia
  • Viadrina European University in Frankfurt (Oder), Germany
  • University of the Pacific in Lima, Peru
  • "Alexandru Ioan Cuza" University of Iaşi, Romania
  • Georg Mercator University in Duisburg, Germany
  • The Karol Adamiecki University of Economics, Katowice (Poland)

Warsaw School of Economics (WSE) is the oldest and most prestigious economic university in Poland. ... Warsaw School of Economics (WSE) is the oldest economic university in Poland. ... SGH may mean: Saint George Hospital, University Medical Center, Beirut ,Lebanon. ... For other uses, see Warsaw (disambiguation) and Warszawa (disambiguation). ... DePaul University[1] is a private institution of higher education and research in Chicago, Illinois, USA. Founded by the Vincentians in 1898, the university takes its name from the 17th century French priest who valued philanthropy, Saint Vincent de Paul. ... Nickname: Motto: Urbs in Horto (Latin: City in a Garden), I Will Location in the Chicago metro area and Illinois Coordinates: , Country State Counties Cook, DuPage Settled 1770s Incorporated March 4, 1837 Government  - Mayor Richard M. Daley (D) Area  - City  234. ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... The University of IaÅŸi (in full: Alexander John Cuza University, IaÅŸi; Romanian: Universitatea Alexandru Ioan Cuza, IaÅŸi) is a university in IaÅŸi, Romania. ...

External links


edit Ministers of Finance of the Republic of Poland Coat of Arms of Poland
3rd Republic of Poland (since 1989)

Leszek Balcerowicz | Karol Lutkowski | Andrzej Olechowski | Jerzy Osiatyński | Marek Borowski | Grzegorz Kołodko | Marek Belka | Leszek Balcerowicz | Jaroslaw Bauc | Halina Wasilewska-Trenkner | Marek Belka | Grzegorz Kołodko | Andrzej Raczko | Mirosław Gronicki | Teresa Lubińska | Zyta Gilowska | Paweł Wojciechowski | Stanisław Kluza | Zyta Gilowska This is a list of Finance Ministers of Poland. ... Image File history File links Herb_Polski. ... The Republic of Poland, a democratic country with a population of 38,626,349 and area of 312,685 km², is located in Central Europe, between Germany to the west, the Czech Republic and Slovakia to the south, Ukraine and Belarus to the east, and the Baltic Sea, Lithuania and... Andrzej Olechowski (b. ... Marek Stefan Borowski (b. ... Grzegorz W. KoÅ‚odko (born January 28, 1949 in Tczew, Poland) - professor of economics, renowned polish economist specializing in development economy, system reforms and public finances. ... Marek Belka (pronounce: [marεk bεlka]) (b. ... Marek Belka (pronounce: [marεk bεlka]) (b. ... Grzegorz W. KoÅ‚odko (born January 28, 1949 in Tczew, Poland) - professor of economics, renowned polish economist specializing in development economy, system reforms and public finances. ... Zyta Gilowska Zyta Janina Gilowska (born July 7, 1949 in Nowe Miasto Lubawskie) - Polish economist and politician. ... To meet Wikipedias quality standards, this article may require removal of excess red links (links to non-existent articles). ... StanisÅ‚aw Kluza - Polish economist, from July 14 to September 22 Finance Minister in the cabinet of Jaroslaw Kaczynski. ... Zyta Gilowska Zyta Janina Gilowska (born July 7, 1949 in Nowe Miasto Lubawskie) - Polish economist and politician. ...



  Results from FactBites:
 
Commanding Heights : Leszek Balcerowicz | on PBS (8399 words)
LESZEK BALCEROWICZ: I think so, but I think it is a part of the job, that things which are very important to people and are fundamentally positive for their lives often meet resistance.
LESZEK BALCEROWICZ: Well, I studied experiences of Latin America's stabilization before 1989, because I was interested in the experiences of various countries, and this was useful, because in Poland, the starting conditions were more difficult than ones that existed in, say, former Czechoslovakia or in Hungary.
LESZEK BALCEROWICZ: Well, I remember the first meeting with Tadeusz Mazowiecki, the prime minister-elect, and he really said that, that he needed his Ludwig Erhard; that he wanted somebody who would be the deputy prime minister and at the same time the minister of finance.
Warsaw Voice - Dead on Proposal? (1841 words)
Balcerowicz proposed that most tax breaks be abolished as of 1999 and two tax rates on personal income, of 22 and 32 percent, be introduced instead of the current three rates of 19, 30 and 40 percent.
Balcerowicz appealed for his reform proposal to be discussed at a supra-party level, as was the case with pension and local government reforms.
Balcerowicz answers his opponents, saying that the reform is rejected by those who benefit most from the complicated tax regulations and deductions.
  More results at FactBites »

 
 

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