Abstract
Poland is a country in Central Europe, which has experienced a transition process. After World War II, the country was ruled by the workers' party, an emanation from USSR and communist party. During this period, Poland economy was centrally planned, which means that the Plan Office decided the natures of the goods produced and the quantity which each factory should issue. In the beginning of 1981, martial law was implemented under the leading power, General Jaruzelski, in order to remain with the USSR. During those years, Poland experienced very huge shortage in its economy. These lead to the important macroeconomic unbalance that the country had to face while it began its transition process.
In 1989, after elections and talks, the first non communist government in Eastern Europe was established with Tadeusz Mazowiecki, as the leader. In 1990, Lech Wałęsa became president of the new established Third Polish Republic.
Since 2004, Poland is a part of the European Union. Its GDP for 2007 was $632 billion, which made it ranked at the 22 place in global ranking according to GDP (nominal) and 52 by GDP growth rate .The inhabitants of Poland were about 38 million and the GDP per capita was $16 310 in 2007.
