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Leszek Balcerowicz

Picture of Leszek Balcerowicz

Date of Birth: 01/19/1947

Age: 69

Place of birth: Lipno

Citizenship: Poland

Who has subjected the Polish economy shock therapy?

Leszek Balcerowicz - a Polish economist, former chairman of the National Bank of Poland (Poland) and Deputy Prime Minister in Tadeusz Mazowiecki government (Tadeusz Mazowiecki). Most of all known system of economic reforms undertaken in Poland in the 90`s - shock therapy, the so-called `Baltserovicha` plan.

In 1970, Balcerowicz graduated with honors from the Faculty of International Trade of the Central School of Planning and Statistics (Central School of Planning and Statistics) in Warsaw (Warsaw). In 1974, the economist holds a Masters in Business Management from the University of St. John`s (St. John `s University) in New York (New York), in 1975 completed work on his thesis at the Warsaw School of Economics (Warsaw School of Economics) .

Since 1969 and up to the introduction of the regime of war in the country in 1981 Balcerowicz was a member of the Polish Communist Party. In the late 70`s Leszek Balcerowicz had the opportunity to work in a team of economists, consultants, collaborated with the Prime Minister. In the period from 1978 to 1980-th Balcerowicz he worked at the Institute of Marxism-Leninism. Later he became an expert economist of the independent trade union `Solidarnost`; from the Communist Party Leszek, alas, I had to go.

From September 1989 to August 1991 and 31 October 1997, to June 8, 2000, Leszek Baltserovchi served as deputy prime minister and finance minister of Poland. From 1995 to 2000, he also headed the centrist at that time a political party `Svobody` Union.

December 22, 2000 the second Balcerowicz became the chairman of the National Bank of Poland.

November 11, 2005, the president of Poland, Aleksander Kwasniewski (Aleksander Kwa & # 347; niewski) awarded Balcerowicz Polish highest award - the Order of the White Eagle (Orderof the White Eagle); He received the Order of the Economist for its contribution to the transformation and restoration of the Polish economy.

Leszek Balcerowicz`s economic achievements known not only within Poland - ever his work at the international level; so Balcerowicz is listed in the committee for the support of those in need - one of the many projects of the United Nations Development Programme (United Nations Development Programme), has called for possibilities to solve the existing problems of the poor and discriminated against. In addition, from 11 June 2008, Balcerowicz is listed on the board of the Brussels think tank tsentra` `` Bruegel`; Here scientist also deals with the problems of the international economy.

Glorified Leszek Balcerowicz plan `Baltserovicha` inherently presents a series of reforms designed to solve the problems of hyperinflation and to restore order in the national budget. Among other things, under these reformbyli lifted restrictions on the prices of a larger number of consumer goods and restrictions on annual wage increase public sector employees. The Polish currency, the zloty was made convertible within the borders of the country. As a result, prices have risen sharply; state-owned enterprises had both should try to get at least a small chance to compete with the private organizations. Naturally, for the Polish economy in the whole incident was a real shock. The reforms received a mixed assessment; Balcerowicz actively criticized, and especially at home. However, many economists have been forced to recognize that the measures taken in many respects determined the economic success of Poland and the subsequent economic growth - among all the communist countries, namely Poland camp showed the most impressive results.