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2009 | 23 | 29-60

Article title

THE WORLD FINANCIAL CRISIS AND ITS IMPLICATIONS FOR POLAND (Swiatowy kryzys finansowy i jego implikacje dla Polski)


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The work sets out to demonstrate the circumstances, origins, nature and scale of the world financial crisis which has been ravaging the entire world, including the United States of America, Europe and Poland, for well nigh two years now. Particular emphasis is placed here on showing the economic and socio-political consequences of the current crises in terms of Poland. The author thus undertakes an attempt to diagnose and analyse the process in statu nascendi, around which fierce disputes rage between the representatives of various social sciences, including economists, as well as politicians and commentators. Nonetheless, this is essential if we wish to address questions as to the economic, socio-political and international impact of the current crisis on both the world as a whole, and on individual states. There is no way that the current crisis can be effectively fought without knowing the origins and causes which must be eliminated in order to avoid similar problems in the future. However, this cannot be achieved by eliminating only the symptoms, and not the effects, of the current crisis. The difficulties in addressing the questions regarding the implications that the global/world financial crisis holds for Poland are aggravated by the fact that there are still no serious scholarly works, syntheses or in-depth analyses relating to the issue. To date, barely a handful of scholarly conferences have been arranged and very few books have been published, either in Poland or abroad. It thus transpires that the crisis caught not only politicians, but also the academic milieux, especially economists and political scientists, unawares. Some amongst them continue to maintain that in our contemporary world, undergoing globalisation as it is, a deep foreign exchange crisis simply cannot occur, while others have put, and continue to put, their faith in a neo-liberal ordering of the world's economy. However, within the mass media, numerous and often contradictory opinions and commentaries on events encroaching upon the world's economy, have appeared. In the main, they take the form of journalistic opinion, or political propaganda and are used in ongoing political battles in individual states; in this, Poland is also included.


  • Jozef M. Fiszer, Instytut StudiĆ³w Politycznych PAN, ul. Polna 18/20, 00-625 Warszawa, Poland


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