Recipe for economic miracle

­Leszek Balcerowicz – Former Deputy Prime Minister Of Poland

Today my guest is Leszek Balcerowicz.

Poland has had little time to convert a communist planned economy into a complex market mechanism. There had been no precedents, and the country needed a qualified and charismatic economist to do the job. Leszek Balcerowicz came up with the idea of shock therapy, which many years later brought him the title of the Best Reformer in the European Union. Here’s the former Polish Deputy Prime Minister, Leszek Balcerowicz.