Jerzy Hausner is Professor of Economics and Head of the Department of Public Economy and Administration, Cracow University of Economics, Cracow, Poland.
Andrzej Slawinski is Emeritus Professor at Warsaw School of Economics, Warsaw, Poland.
This book argues that economic credibility should be assessed not only on the basis of financial stability and economic growth, but also on the state´s ability to maintain democracy and long-term social cohesion.
Why do some countries maintain economic stability and investor confidence, while others experience credibility crises? This book examines how political decisions, institutional integrity, and public trust shape economic policy. The authors highlight the consequences of populist governments, which often undermine economic efficiency and democratic stability. The book analyses how populist governments affect a country´s economic credibility and long-term stability. It offers a comprehensive framework for assessing a country´s economic credibility that goes beyond conventional financial indicators, advocating for a more holistic approach that supports democracy. Supported by research contained in reports on Poland´s economic credibility index, the book benefits from data visualisations, policy recommendations, and comparative analyses of state models, resources which provide the reader with practical tools for assessing economic credibility in various contexts.
This book will be of interest to policymakers, economists, political scientists, and business leaders, among others. With its multidisciplinary approach to the links between economic policy and institutional credibility, it provides valuable insights for those seeking to understand the complexity of modern governance.
Introduction (Jerzy Hausner, Andrzej Slawinski) Part 1. Model of the State 1.Economic Policy After the Experiences with Populist Rule (Andrzej Slawinski) 2. In Search of an Optimal Model for the Developmental State (Tomasz Geodecki) 3. Authoritarian Rule of Law (Bartlomiej Biga) 4. The Impact of Property Institutions on the Economic Credibility of the State (Bartlomiej Biga) 5. Dura Lex sed Lex: (Non-)Compliance with the Acquis and the EU´s Economy (Adam Balcer) Part 2. Economic Policy 6.The Credibility of Fiscal Policy (Slawomir Dudek) 7. Monetary and Financial System Stability and the Economic Credibility of a State (Andrzej Rzonca) 8. Private Sector Investments as the Engine of Sustainable Economic Growth (Stanislaw Kluza) Part 3. Social Policy and Environmental Protection 9. Labour Market Safety and Protection from the Perspective of the Economic Credibility (Agnieszka Chlon-Dominczak) 10. The Effects of Automation on the Quality, Accessibility, and Transparency of Public Services (Jakub Glowacki) 11. Climate and Environmental Protection Policy: How Good Intentions Can Diverge from Reality (Maciej Grabowski) Part 4. Structural Policies 12. Technological Transformation and the Labour Market (Jacek Mecina) 13. Missed opportunities for more efficient resource allocation within the financial system (Leszek Pawlowicz) 14. Financing the Energy Transition (Marta Penczar, Ludwik Kotecki) 15. Public Policy for Fostering Trust in the Digital Economy (Wojciech Paprocki) Conclusion (Jerzy Hausner, Andrzej Slawinski)
The book argues that economic credibility should be assessed not only on the basis of financial stability and economic growth, but also on the state's ability to maintain democracy and long-term social cohesion. It examines how political decisions, institutional integrity and public trust shape economic policy, credibility and stability.
