by MATEUSZ MORAWIECKI
Poland recently became the first country in nearly a decade to graduate from emerging-market status and enter the ranks of the world’s developed economies. In September it joined countries such as the U.S., Germany and South Korea in the FTSE Russell index of advanced economies. For Poland, the first country in East-Central Europe to join the index, the distinction is the fruit of a long effort to build a flourishing market economy on the ruins of the communist system that the Solidarity movement helped topple in 1989.
It is especially gratifying for me as Poland’s prime minister. Thanks to the efforts of millions of Poles, our economy and financial markets now meet the highest standards of integrity, transparency and sound regulation demanded by international investors.
When Poland embarked on this remarkable journey, its economy was in a shambles. In 1989 per capita gross domestic product was only $1,800 in today’s dollars. Now it is $16,000. Poland is the biggest economy in the former Soviet bloc and the seventh largest in the European Union.
To read the article in full, visit the Wall Street Journal.