The economic viability of the state affects the conditions of doing business. Some economic conditions are defined (set) directly (such as tax rates), but most of them are a product of many factors, such as social perceptions and expectations (e.g. the inflation rate as a consequence of inflation expectations). In general, the economic viability of the state affects economic parameters through variables such as trust, information or knowledge. The economic viability of the state is a kind of a public good that is and has to be instrumentalised in order to be leveraged. Importantly, the instrumentalisation methods must uphold and enhance this good instead of destroying it.
During this session, the results of Poland’s economic viability index developed by a team led by Professor Jerzy Hausner will be presented. The index comprises seven sub-indices representing the following dimensions:
- The rule of law
- Freedom of economic activity
- Viability of public finance
- Stability of the financial system
- Labour protection and security
- Quality of public services
- Respecting international obligations