Economy situation in Poland before and after EU funding Dissertation

Economy situation in Poland before and after EU funding - Dissertation Example It is from these debates that Poland has reinvented itself, thus attaining the title of a modern European state that possesses a liberal political system that is democratic and sustainable market Economy (Cox and Myant 1). According to Bache, Poland has a record of the largest entrant to the European Union in the year 2004. In 1989 after the era of communist had ended, Poland undertook a territorial restructuring period. The membership position held by Poland in the European Union has helped the Poles to restructure as well as uphold their economy (Bache 73). One of the greatest success story attributed to the post-communist transformation in Poland is the high rate at which the small as well as the private companies are emerging over the last 20 years. 69% of employment as well as 60% of turnover are among the benefits of the small and medium sized enterprise to the Polish economy. The entry and the exit levels of enterprises, whose large percentage is the small ones, are higher in Poland than the average EU (Organisation for Economic Co-operation and Development 11). Literature Review Poland’s economy before the EU funding Europa publications Limited indicate that before its incorporation into the European Union, Poland had at the time had a population of about 40 million people. In addition to this, Poland was relatively poor especially in terms of aggregate, as their income per head was a third of the EU’s average. Poland provided incentives to non European members e.g. the special tax concession provided to Korean car manufacturers (Europa publications Limited 3). The Polish government had established an agency prior to joining the EU in the year 2000. The aim of this agency, which was known as the Polish Agency for Enterprise Development (PARP), was to offer active support to entrepreneurs in Poland thus improving the country’s economy. The main function of the PARP was to manage the funds of entrepreneurship that were granted by the state. This agency upon incorporation to the European Union also mandated was with the task of managing funds granted by the EU for entrepreneurship (Organisation for Economic Co-operation and Development 131). In the year 1997, Poland had already experienced continuous economic growth that lasted for five years. This was attributed to the reduction of industrial output during the transition period. Crucial steps had been undertaken to ensure that inflationary pressures experienced in 1990s were eliminated. In addition to this efforts had been made in redirecting Poland’s exports away from old communist bloc and towards the EU markets (Europa publications Limited 62). In the late 1970s, Poland had suffered an economic crisis. Its external finances indicated vast deficits of payment as its domestic economy fell in disarray. Poland had to find a way of arresting the situation before it could get out of hand as the interests were accumulating. The Authorities then decided on the modernization and investment strategy as the way forward (Marer et al 3). Dramatic changes in Poland have always caught the attention of the world. In 1989 the government in power transformed the existing centrally planned economy into a free market. In 1990 the price controls in majority of the products were scraped off. These were some of the

Paper and Coin currency Vs Electronic Money Transfer Systems Essay

Paper and Coin currency Vs Electronic Money Transfer Systems - Essay Example Bill Gates, while delivering his lecture at International Consumer Electronics Show in Las Vegas (Nevada) in January this year, said "Software is providing power, but software has got to provide simplicity. And that's why our investment levels are going up in the toughest problems: Security, privacy, speech recognition, video recognition - and all of those things we will fold into this platform."1 1. Today we are in an IT era and wish to live in a Digital life-style. Being digital has become sort of a fashion statement. The older generation expresses its reservation regarding security issues etc. but the Gen-X is fully geared up to exploit the full potential of Digital age. Well, having said about the 'attitude', it certainly needs to be pointed out that the youth of the day is not as carefree as is being branded, at times, by the elders. The fact is, the technologies like Electronic Money Transfer or Electronic Funds Transfer have proved their utility beyond doubt and we believe in this capability because we understand the intricacies of this technology. Electronic Funds Transfer (EFT) provides for electronic payments and collections. It is a system of transferring money from one bank account directly to another without any paper money changing hands e.g. There's will be more transpa... Electronic Funds Transfer (EFT) provides for electronic payments and collections. It is a system of transferring money from one bank account directly to another without any paper money changing hands e.g. Using Internet or bank transfers. Using ATM/Debit/Credit Cards etc Payments thorough telephone (using voice synthesizers) In fact the Radio Frequency IDs (RFID) technique is also used in Electronic Transfer. RFID tags are used in a wide range of contexts like; Electronic payment cards used in many countries to pay road tolls, bus and metro fares, Electronic security tags used by retailers, 'Intelligent' luggage labels used in some airports etc Monitoring the workers within the factory/ company builiding. Advantages of Using Electronic Money Transfer Salary of an employee can be directly deposited in his/ her bank account. There's will be more transparency in money transfers. For example transfer of huge sums of money to illegal operations like financing the terrorist organizations can now be easily traced, as there will be less number of manual transactions. Money can be transferred in lesser time, usually the same day. It increases the efficiency, safety/ security standards of the bank. Such transfers are less expansive for the bank. Customer is free from the stress of carrying bundles of notes in a bag/ packets etc. hence reducing the threat of robbery. The threat of a 'Returned Check' is gone as well. It results in less paper work meaning less cutting of trees i.e. an environment friendly technique. The day is not far when we do not need to carry any wallet, Credit cards etc. in our pocket, Soon enough we may see the times when we'll have all our banking records, personal details, identification tags etc in a smart chip embedded in the ring of our middle