Morgan Stanley IM: Poland’s Quiet Convergence
Poland, on the verge of bankruptcy when the Berlin Wall came down, has defied expectations to become a crucial manufacturing hub for western companies in Europe.04.06.2024 | 09:31 Uhr
Eric Carlson and Ravi Jain explore how the country became one of the most successful economies to emerge from the former Soviet bloc.
Thirty-five years ago, following the formation of Poland’s first noncommunist government post-World War II, Lawrence Eagleburger, then deputy U.S. secretary of state, sent a note to the American ambassador in Warsaw. He encouraged efforts to ensure economic prosperity in Poland, “full employment, low inflation, high productivity and a Mercedes (or equivalent) in every garage.” Though the memo ended on a humorous note, it also foreshadowed the Poland that was to emerge 30 years later.