Modernization was a fundamental requirement. Because a considerable part of Poland's capital stock was obsolete or in poor condition, a very large share of the country's industrial products was of poor quality. The system lacked a well-developed modern infrastructure, particularly in financial institutions, transportation and telecommunications, and housing (see Transportation and Communications , this ch.; Housing , ch. 2). Without major improvement of infrastructure, the economy's overall efficiency could not be raised significantly. Reform was further hampered by a shortage of well-trained managers and enterprise staff who understood the workings of the modern freeenterprise economy and could function efficiently in such a system. Expenditures necessary to meet these needs were restricted or delayed, however, by simultaneous requirements to reduce inflation and the balance of payments disequilibrium.

Data as of October 1992

NOTE: The information regarding Poland on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Poland Required Short-Term Changes information contained here. All suggestions for corrections of any errors about Poland Required Short-Term Changes should be addressed to the Library of Congress and the CIA.