An effective strategy would need to balance the objectives implicit in the four principles by, first, exploiting the complementarities between them and second, recognizing the tradeoffs and, wherever they arise, prioritizing between objectives. Let me elaborate on the “opportunities” and “challenges” provided by each set of objectives.
Poland may be said to be one of the most successful countries in transition so far. For years now, it has been achieving notable rates of growth. The central bank is doing a good job under its president.