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Poland's Economy Is Booming! The EU's Success Story? [711]
China. Try to find a product over here (in the US) [quote=FUZZYWICKETS]In a country as socialized as Poland is, people leaving = disaster. Her residents' paychecks is what keeps the gears turning. People leave, the country starves.
for example that doesn't have a "Made in China" printed on it. Almost impossible.
Wages in China are in some cases already above Poland and rising much faster.
That millions of Poles left their country is irrelevant? I beg to differ. It helped the economy, yes, but what Poland did was in essence to get rid of a potential time bomb.
You are exaggerating, even so the fact is that Polands economy is booming compared to every other country in Europe. How/why that has occurred doesn't stop it being a fact. If the 'millions' return it will provide even more economic stimulus.
Poland somehow suffered far higher unemployment and poverty without any 'bomb' exploding.
In a country as socialized as Poland is, people leaving = disaster. Her residents' paychecks is what keeps the gears turning. People leave, the country starves.
I thought you lived here? You seem to have forgotten that the USA is far more 'socialized' than Poland when it comes to unemployment. No work=no money. The people who left were unemployed and provided nothing and would have starved. Losing unemployed people is no loss to an economy, having them working abroad and remitting billions of Euro's per year is a definite gain.
As a reminder.
Poverty on the decline in Poland
The number of Poles who live below the poverty line has declined in the last six years, from 13 million to five million, according to a recent report by Eurostat, the EU's statistics agency.
Such a significant and rapid drop has not been recorded in any other country in Europe, wrote Polish daily Gazeta Wyborcza, which cites the data.
wbj.pl/article-57975-poverty-on-the-decline-in-poland.html
Poland's GDP has gone up over 100% since EU ascension in 2004 (2004 = $250Billion ;2011 GDP is $531Billion)
http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gd p_mktp_cd&idim=country:POL&dl=en&hl=en&q=poland+gdp+chartIn comparison, the UK GDP has risen
0%since 2004 (its gone down since 2010).