EN
The author examines the sources of the global financial crisis and proves that socio-economic cohesion policy may ameliorate the effects of this crisis in Poland. To meet the competitive challenges of global capitalism and the threats that have grown out of the crisis, the author recommends that prudent stabilisation policy, strategic aims in the development of human resources and the technological modernisation of the economy be harmonised and oriented in such a way as to most fully take advantage of EU structural funds, the inflation-free expansion of monetary policy, and the maintenance of Maastricht criteria. Such policy must be supported with microeconomic incentives supporting entrepreneurship, effective and high quality public service, the fair division of the costs of the crisis and the elimination of business practices not based on honest competition. To make up for the loss in global supply resulting from the reduction of non-productive government expenditures, it is recommended that government expenditures for stimulating demand for national production be simultaneously raised. To rebuild social capital, such a fiscal policy will demand fiscal reforms to be negotiated within the framework of a national campaign for combating the crisis and threats to integrated development.