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The Polish Surprise

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1. How was Poland able to avoid the worst effects of the economic crisis that gripped most of Europe during 2008 – 2009?
Poland was able to avoid the worst effects of the economic crisis that gripped most of Europe during 2008- 2009 mainly because they were able to keep investors. Poland keep its public debt in check and as a result acquired investors from other countries (Hill, 2014). Poland is a democratic government and a member of the European Union which allows they better access to international trade and foreign investment. Poland is a major exporter, the percentage of exports is more than double what the US is. Poland is a young country it the global economic market (Hill, 2014). It is still growing and has little time to build up debt, this is the main reason Poland was able to avoid the worst effects of the economic crisis unlike the other countries in Europe and around the world.
2. What lessons can be derived for the Polish experience during 2008-2009?
The lessons that can be derived for the Polish experience during 2008-2009 are export more and spend less. Poland was and still is a major exporter. Exporting helped Poland grow during the crisis when everyone else was feeling the effects. Poland was able to keep its public debt in check. The polish government was even criticized for the tight spending policies but it worked for them because they were able to gain investors for the same countries that criticized them earlier that decade (Hill, 2014). Exporting brought money in and the tight spending policies kept the money and the confidence in Poland.
3. From the perspective of international business, what is attractive about the polish economy? What are the weaknesses and risk associated with doing business there?
The thing that is attractive about the polish economy is that they are able to keep the debt down and still grow. Most countries go

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