Peripheral Capitalism
Poland’s Dependency on Capital Imports
Deutsche Fassung
Abstract
Poland is dependent on capital imports. Domestic capital cannot be formed, because legal regulation of the assets market is poor. Poland missed its chance to create real owners during privatisation. Furthermore, Poland’s national bank is pursuing an incorrect policy. This represents a heavy burden. Twenty years of transformation have allowed a peripheral capitalism to come into being. In the international division of labour, Poland, like the other countries of East-Central Europe, is first and foremost a market and a reservoir of cheap workers, because the capital needed for self-sustaining development is lacking.
(Osteuropa 6/2010, pp. 47–60)