For a country that has been repeatedly trampled by giants on either side of it, running over its territory to get at each other, it’s about time Poland got some good news – and boy this is really good news:

On its current path, Poland is on track to become wealthier than Britain by 2030 thanks to a post-communist economic miracle. The country has become a hotbed for future-facing industries such as battery manufacturing and tech.
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Three decades of steady growth has wrought a miracle. The economic disparities have narrowed dramatically. Adjusted for purchasing parity, GDP per head in Poland is now £28,200 compared with £35,000 in the UK, £34,200 in France and £39,800 in Germany. At its current trajectory rate, Poland will overtake the UK by 2030.

A recession would slow that of course, but if there is one in Poland it will likely affect Britain as well, while the latter deal with the biggest State and the highest taxes in 70 years – all under a “Conservative” government.

Then there’s this to make Kiwis feel worse:

In education, Poland excels too. It consistently ranks among the top five or six in reading, maths and science out of 38 OECD countries — well above richer countries such as Britain, France or Germany. This lays the foundation for continued future strong economic growth.

They’ve got problems, like any other nation, but not as many as they had thirty years ago, and a growing economy solves a hell of lot of problems.

I’d be willing to bet that there are lessons New Zealand could learn from this, but frankly they would not be any lessons we couldn’t already learn from other examples in history, like West Germany’s re-start in 1948:

The Freiburg approach was not laissez-faire: government was to be active in promoting competition and protecting free markets from monopoly, public or private. It also allowed for a small degree of wealth redistribution through graduated income taxation and social welfare programs, but it was insistent on keeping tax rates low enough to prevent economic disincentives to productive effort.

Industrial output increased 50 percent within the year, and national income, which had fallen 20% below that of 1936, was restored to that level in just over a year and continued to climb fast. Unemployment did climb and peaked at 10.4% by 1950, but steadily dropped for the rest of the decade.

Morever, this approach beat the publicised plans of the proponents of central planning. Their “Long Term Plan of 1948 predicted that by 1952-53 the industrial  production would reach 110 percent of the 1936 level and agriculture 100%. Another study done in 1950 by four German research institutes – which supposedly already took account of things like the Marshall Plan, the Korean War and the success of the Freiburg plan to that date – said that five years would be needed by government planners to hit their goals – and needed another $1.5 billion in US aid beyond the Marshall Plan.

Under the Freiburg plan all those targets were met and exceeded: Industrial production in 1952-53 averaged about 150 instead of 110. Net agricultural output was 111 percent of pre-war instead of 100. The overall balance of payments was highly favorable and even the dollar sector was approaching balance.