🇵🇱 Why did foreign direct investment work for Poland? #economics #international #poland #russia #eu

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✍️ Noah Smith talks about why foreign direct investment is important for Poland's growth. For more on Russia, and Tucker Carlson's interview with Vladimir Putin, check out Econ 102's episode "Putin, Tucker, and Russia" on YouTube, Spotify, Apple Podcasts, or wherever you get your podcasts!

  1. Econ 102 with Noah Smith
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One point that mosts analysts dont know or forget:

Poland took on communism in 1946 the same way Poland took on Christianity in 966: very superficially.

When communism started falling in 1988, institutions known from market-economy counties, like the Central Bank that actually implements a fiscal policy, small businesses that can't wait to manufacture and export, down to eggheads in economics, they were right there, waiting for a signal to get out.

They started acting mere months after the 1989 elwctions

(BTW… rhose wlections took place on June 4th… the same day as rhe Tiananmen)

LMB
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Poland is blessed because they said Jesus is King 🤯🤯🤯🤯🤯🤯🤯

RippleAffect