What was a major consequence of Gierek's economic policies?
Debt
Surplus
Deflation
Boom
Answer
Debt was a significant consequence of Gierek's economic policies. Gierek's ambitious investment plans, aimed at modernizing Poland's economy, required substantial borrowing from Western banks. However, the country's export earnings failed to keep pace with the growing debt, leading to a severe debt crisis in the 1980s. This crisis contributed to economic instability, social unrest, and ultimately, the collapse of the communist regime in Poland.
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