Skip navigation

Leszek Balcerowicz

Leszek Balcerowicz is President of the National Bank of Poland. As Finance Minister in the first post-transition Polish government, he was largely responsible for the successful transformation of the Polish economy.

Titles by This Editor

Successes and Failures in Real Convergence

The question of convergence, or under what conditions the per capita income levels of developing countries can catch up to those found in advanced economies, is critical for understanding economic growth and development. Convergence has happened in many countries and appears to be taking place now in China and India—yet in general per capita income levels in the poorer countries do not converge towards those of richer countries as uniformly as the analytical models predict.