OK. This Piotr (the teacher of Corporate Finance Management) has the upper hand on me, so to speak.
I’ve been reading and analyzing today’s information for more than 2 hours now.
I’ve been collecting some data like unemployment rate/real unemployment figures and the inflation rate in the last years for both Romania and Poland.
I don’t know how it works, maybe I’ve done some mistakes but it turns out that Poland has only 15 millions of active individuals (rough estimation) out of a total of 38 millions inhabitants.
Romania has 10 millions of active individuals out of 22 millions inhabitants. Doesn’t it sound weird?!
And my personal conclusion (I’m no economist or anything, so you or anyone can shut up my mouth quite easily with some credible arguments) is that the Polish Government or, more specifically, Leshek Barcelowicz, preferred to have around 2,2 millions more unemployed active people than in Romania (surely after 2002 – statistics say that!), while having a better (lower) inflation rate.
Now, I don’t want to take the side of the Romanian Social Democrat party, but in this case I think it’s better to be a little more “socialist” than to keep so many people unemployed, in order to make the country develop quicker and having the other active people in a far better social status.
Here’s a snapshot in my crazy work in Excel:
Musical background: Joss Stone – Dirty Man