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Poland's Economic Reform

By Jeffrey Sachs and David Lipton
Summer 1990
Article Summary and Author Biography

Jeffrey Sachs is Galen L. Stone Professor of International Trade at Harvard University; David Lipton is an international finance economist. They serve together as advisers to Solidarity and several governments in Eastern Europe and Latin America.

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Unbinding the Polish Economy
John Michael Montias

WLADYSLAW GOMULKA'S immediate predecessors, after mismanaging the Polish economy for a number of years, have left him a legacy of debts and unfulfilled promises of increased living standards, but scant means with which to patch up the Government's credit. Foreign currency holdings are low and dwindling, and government stockpiles of goods and raw materials are depleted. The peasants cannot be induced to market a larger share of their produce, while the townspeople, who have been paying the price of industrialization by their sacrifices, can be made to pay no more.

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