Mój koszyk (0) 0,00 zł
Zaloguj się
Mój koszyk (0) 0,00 zł
Strona główna » Poland in the Process of European Economic Integration
Poland in the Process of European Economic Integration
Do koszyka
53,10 zł
Participation of Poland in various stages of European integration is the recurrent theme of this book. European integration process has had an important influence on Polish economy. It involved all its sectors, changed public policy, the environment of many firms, and the position of consumers. It enabled Polish exporters of goods and services to be apart of a market much larger than of Poland. On the other hand, integration process opened the Polish market to foreign competition and new foreign investments. It gave Poles the opportunity to take jobs nearly all around Europe on non-discriminatory conditions. It brought about new institutional and business regulations. Since Poland has entered the European Single Market, the next logical steps were to assume the principles of the EU’s economic policy.

The integration processes between Poland and the EU have started from free trade. The free trade in industrial goods with the EU partners was the entrance to the European Single Market. After accession to the EU Poland introduced all four freedoms’ acquis communautaire. Free trade included not only industrial products, but also trade in agricultural products. Moreover, Poland also enlarges the liberalization process to free circulation of services, capital and people. It was obliged to abolish not only the last direct barriers to trade and migration off actors of production, but also many so-called indirect barriers, like technical standards, administration rules, harmonization of taxes, and public procurement law. In 2004 Poland joined also the Economic and Monetary Union and the EU’s common policies contained several sectors of Polish economy (competition policy, agricultural policy, regional policy). Although Poland has yet not participated in the third phase of the EMU, from the legal point of view monetary integration is also part of Polish integration process. Now Poland is undergoing the process of fulfilling the convergence criteria, an event which has further consequences for Polish economy.

The main goal of this publication is to discern and compare the essential economic effects of Poland participation in European integration process. Attempts are made to evaluate the past, actual and future process of integration in economic terms. Poland has been taking part in a free trade area since 1992 and is a member of EU since 2004 – that is a relatively long period of integration to be a subject of scientific analysis. The best and typical method of assessment of the economics of integration processes is the comparison of costs and benefits. The book analyses and compares the economic effects of the most important parts of European integration processes: free trade, four freedoms of the single market, economic union and monetary integration. The book assumes that integration process has its own logic and next steps of integration may have its sources in benefits of the former stages. The sectorial analyses of Poland integration in the EU have been accomplished in many publications. However, there isa lack of analysis of economic effects of all essential parts “ensemble” of participation of Poland in the European economic integration and prospects for future integration.

The book has theoretical as well as empirical character. Using the benefit and costs method of analyzing serves to assess objectively a particular integration initiative in past, actual and future. Its large field of investigation embraces all the important elements of integration process in order to shed some light upon the logic and mechanism of complicated economics of the EU. The analys is done mainly with medium term perspectives, but it may also give clue about the benefits and costs and long-term impact of EU membership upon the Polish economy. Each integration process is characterized by economic benefits and costs of adjustment. Sometimes these benefits and costsmay be unevenly distributed among the partner countries. The benefits and cost may be also unevenly distributed among particular economic sectors. Moreover, different integration initiative may bring different economic effects between partners and their regions. To avoid the uneven distribution of costs and benefits, the liberalization process should be supplemented by some corrective mechanism. In the EU the function of the corrective mechanism is provided by the two structural policies: the Regional policy and the Common Agricultural Policy. The other EU’s economic policies are also characterized by economic costs and benefits of early adjustment and further functioning. For example, the analysis of potential costs and benefits of Poland from EMU is connected also with single market: on the one hand, single market may be heading Poland to constitute an optimal currency area, which would decrease the costs of the EMU, on the other hand, the single currency may enlarge benefits from single market as trade and investments flows would increase. This publication estimates potential benefits and costs of the EMU from the point of view of economics of international integration, but doesn’t speak about the necessity to join euroarea. The fact that this book was written during a time of crisis ineuro area creates additional difficulties and of course it is impossible to avoid its consequences upon the future evolution of European integration.

This book is a product of author’s long-term research on the mechanism of the European integration that he has conducted at the Institute of Economics of the University of Wrocław on the basis of material gathered in its Research and Documentation Centre of the EU. It may contribute to better understanding of the complicated problems of European integration and the economic effects of Polish participation in this process.
Ilość stron 328 stron
Wydawnictwo Instytut Wydawniczy EuroPrawo
ISBN 978-83-7627-107-1
Data publikacji 2013-02-06
Język angielski
Content 5
Introduction 7
Chapter 1. Free trade between Poland and the EU 13
1.1. Trade creation versus trade diversion 13
1.2. Liberalization of the exchange of goods 18
1.3. Exchange of goods between the EU and Poland 21
1.4. The structure of trade between the EU and Poland 26
1.5. Revealed comparative advantages in trade between the EU and Poland 30
1.6. Intra- and inter-industry specialization in trade 35
Chapter 2. Poland and the four freedoms of the European Single Market 41
2.1. The economics of the single market 41
2.2. Trade development 47
2.3. Exchange of services between Poland and the EU 70
2.4. Capital migration from the EU to Poland 77
2.5. Benefits and costs of migration of labour force 87
Chapter 3. Poland in the EU’s economic policies 113
3.1. Competition policy 113
3.2. Poland in the Common Agricultural Policy 122
3.3 Regional policy and Structural Funds for Poland 131
Chapter 4. The conditions for an “optimum currency area” 147
4.1. The theory of R. Mundell of currency area 147
4.2. The McKinnon’s Refinement of Optimum Currency Area Theory 155
4.3. Kenen’s eclectic view on Optimum Currency Area 161
4.4. Grubel’s model of an optimal currency area 165
4.5. Currency area’s fiscal and monetary policy 169
4.6. Currency area’s employment and monetary policy 174
4.7. Optimal size of an optimum currency area 176
4.8. Benefits and costs of exchange rate policy: Fixed versus flexible regimes 179
Chapter 5. Polish economy in the convergence processes with the EU 189
5.1. Nominal convergence according to Maastricht criteria 190
5.1.1. Preconditions of the Maastricht criteria 191
5.1.2. Price stability 196
5.1.3. Budget deficit 205
5.1.4. Public debt 214
5.1.5. Rates of interest 217
5.1.6. Stable exchange rate 221
5.2. Real convergence 228
5.2.1. Growth of Polish economy after accession to the EU 228
5.2.2. Unemployment and flexibility of the labour market 239
Chapter 6. Crisis in the European Monetary Union and Poland 253
6.1. The potential benefits from the EMU for Poland 254
6.2. The potential cost from the EMU for Poland 263
6.3. The EMU debt crisis 276
6.4. Reforms of EMU 280
6.5. The costs of EMU dissolvent 291
6.6. Perspective of EMU 294
Conclusions 305
Bibliography 315