TOWARDS POSSIBLE SOLUTIONS TO POVERTY? AN INSTITUTIONAL ANALYSIS FOR POLAND'S DEVELOPMENT AFTER 1989.

THIS PAPER AIMS TO DEVOTE AN ANALYTIC EYE ON THE LIBERALIZATION COURSE ADOPTED BY THE POLISH GOVERNMENT AFTER THE FALL OF THE COMMUNIST REGIME IN 1989. AFTER THE PEACEFUL TRANSITION FROM A TOTALITARIAN COMMUNIST INSPIRED REGIME TO A DEMOCRATIC FORM OF GOVERNMENT, THE NEW POLISH POLITICAL ELITE HAD TO EMBARK IN REFORMS, AIMING TO GENERATE ECONOMIC PROSPERITY AND RECOVER THE BACKWARDNESS COMPARED TO THE WESTERN COUNTRIES, FROM WHICH ADOPTED THE DEVELOPMENT MODEL. THIS PAPER ARGUES THAT IF THE PROPER ECONOMIC AND POLITICAL INSTITUTIONS ARE DEVELOPED BY THE STATES, THEN THE POVERTY IS REDUCED, FROM THE THEORETICAL PERSPECTIVE OF INSTITUTIONAL ECONOMICS, AS PROPOSED BY DARON ACEMOGLU AND JAMES A. ROBINSON. BASICALLY, THIS PAPER ARGUES THAT THE ADOPTION OF INCLUSIVE POLITICAL AND ECONOMIC INSTITUTIONS GENERATED PROSPERITY AND ECONOMIC POSITIVE PERFORMANCE FOR POLAND AFTER THE FALL OF THE EXTRACTIVE COMMUNIST REGIME. [ABSTRACT FROM AUTHOR]