Poland’s Leader Has a New Plan to Reshape the Economy [Bloomberg Business News]
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Source: Bloomberg Business News
Seeking a drastic change in Poland’s growth model, its new prime minister wants to reshape the European Union’s biggest eastern economy in the mold of South Korea or Japan, where governments and “national champions” drive expansion and rely less on foreign investment. “I’d dream to be in the situation of Korea, which was poorer than us just a few decades back,” Premier Mateusz Morawiecki said in an interview in Warsaw on Wednesday. “Poland was in a communist environment -- and after one and a half generation, they are far ahead of us. So I wish the clock could be reversed.” Mateusz Morawiecki Photographer: Jasper Juinen/Bloomberg The reboot would do away with an economic blueprint adopted after the collapse of communism almost three decades ago across eastern Europe, which looked to western capital flooding into manufacturing to take advantage of lower wages and proximity to key markets. But since the Law & Justice party swept to power in Poland two years ago,
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