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October 18th , 2024

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Elorm Sefenya

2 years ago

HOW POLAND'S POLITICAL SYSTEM SHAPED IT'S IT'S ECONOMIC AND LEGAL SYST

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Politics

2 years ago



The political system in every country is a major factor in determining the kind of laws that should be passed as well as the economic system in that country.

Poland however is no exception. The country moved to become a democratic state some years ago and that has influenced the economy of the country.

Foremost, the country was able to join the European union because of its democratic state. This widened the market of the country. This made Poland a major exporter in Europe.

Despite it's state of democracy, Poland has strict monetary laws to keep public debt in check and this has made the economy attractive to many investors, as they see the country to be a safer place to invest their money. 

Despite the view that Poland's monetary rules are too strick, these same rules helped poland to curb inflation which affected most countries in the early 2000 .

In a nutshell Poland's decision to become a democratic state aided it in building one of the safest economies.

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Elorm Sefenya

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