Publication: Poland : Saving for Growth and Prosperous Aging
Date
2014-06
ISSN
Published
2014-06
Author(s)
World Bank
Abstract
The recent financial crisis has
emphasized the role of national saving for rising economic
growth and promoting development. Since the crisis began,
global markets have experienced deteriorating public
finances, household deleveraging, differing speeds of
recovery, and eroding confidence in financial systems, all
of which have deterred long-term investments. In the context
of this new growth agenda, the present report analyzes the
trends and determinants of domestic saving in Poland and
provides policy options for increasing saving, particularly
over the long term. Improved national saving provides
funding for a country to take advantage of more investment
opportunities. From the microeconomic perspective,
increasing national saving will support incomes in an aging
society, helping address the issue of the adequacy of
retirement incomes. However, increasing national saving
involves also some costs, which should be carefully balanced
against the potential benefits. In this context, the report
is divided into seven chapters. Chapter one gives
introduction. Chapter two presents recent trends and
determinants of growth in Poland, as well as challenges for
its long-term prospects. Chapter three discusses the
determinants of and influences on the level of private
saving. Chapter four complements this discussion by
portraying the government's role in determining the
level of saving in the economy. Chapter five discusses the
importance of saving for the financial sector, its ability
to promote saving, and instruments that may be promoted to
meet the needs of Polish savers. Chapter six quantifies the
impact of potential changes to the main determinants of
saving on performance of saving and economic growth in
Poland. Finally, chapter seven focuses on policy analysis.
Link to Data Set
Citation
“World Bank. 2014. Poland : Saving for Growth and Prosperous Aging. © Washington, DC. http://hdl.handle.net/10986/20441 License: CC BY 3.0 IGO.”