A crisis of credibility?

Article Abstract:

Poland's growing popularity among foreign investors could create a set of new problems for the government. Investor interest in the Polish economy is justified in view of the decline in both public finance deficits and inflation, as well as its ability to withstand the Russian crisis. Although around $500 million in investments had been withdrawn from the country since the collapse of the Russian economy in Aug 1998, causing the zloty and Polish stock prices to plummet, Poland was able to bounce back almost immediately. The currency has returned to its pre-crisis levels while foreign direct investment has started coming back. However, an 'excess of credibility' may turn out to be harmful if it encourages speculative activity. This will present a serious challenge to the government in terms of macroeconomic management.

Foreign investments, Cover Story, Economic development

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Polish crisis that needs Western solidarity

Article Abstract:

The West needs to give sufficient technical assistance to Poland in order to help the country through its current economic crisis. However, a stable currency and banking system are prerequisites to productive Western financial investment Hyper-inflation must be alleviated by maintaining the value of the zloty, which is Poland's currency. The West can restore confidence in the zloty by acting as a borrower of last resort and committing itself to pay the interest for bank accounts held in zloties. The economic health of Poland can only be ensured if goods and services are rationed by prices to stimulate productivity.

Analysis, Zloty (Poland), Technical assistance, Foreign technical assistance, European Community

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Crisis, what crisis?

Article Abstract:

An evaluation of the Belgian economy's food crisis in 1999 is presented, focusing on how food contamination affected the country's agricultural exporting industry. The article discusses accidental leakage of dioxin into animal feed, resignation of government ministers, and the crisis' impact on federal general elections.

Belgium, Pesticide and Other Agricultural Chemical Manufacturing, Agricultural chemicals, not elsewhere classified, Dioxin, Health aspects, Management, Exports, Political aspects, Animal feeding and feeds, Crisis management, Contamination, Food contamination, Dioxins

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