Poland and Slovakia - economic performance during the economic crisis
In the paper it is argued that under the current economic crisis, the international economic position of Poland has deteriorated relatively less when compared with the position of Slovakia - an EU Member State belonging to the euro area. We prove this thesis by analyzing the economic activities and the export positions of both countries, which share similar pasts, as they are the post-communist countries which accessed the EU in the year 2004 and are going different ways today (Poland has remained outside the euro area and Slovakia accessed the euro area in the year 2009). We present the performance of Poland and Slovakia by comparing it with the performance of the other European Union member countries (EU-27) and members of the euro area. The levels and changes in GDP, GDP per capita and trade in goods and services have been analysed. Additionally, the changes in the economic openness of both countries are discussed, followed by conclusions regarding the impact of the export performance on the respective national economies. (original abstract)
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