Macroeconomic conditions for New Structural Economics - the case of Poland

This article consists of two parts. In part one, the author attempts to place the concept of New Structural Economics (NSE) within the framework of traditional macroeconomic state policy, i.e. within fiscal and monetary policy. Here the crucial problem stems from limitations in the expansiveness of both fiscal and monetary policy from the perspective of their negative impact on inflation rates, as well as from the capacity of the state to fund development-fostering initiatives from other-than-budgetary resources. Part two attempts, by describing how English economy developed over the years 1990-2016, to answer the following question: to what extent and in what scope, the process of such development exploited (either consciously or not) the concept of NSE? Indeed, the industrial policy resulting from that concept could be implemented using the EU's financial aid, the idea of special economic zones (SEZ) and thanks to public capital funds, such as venture capital (PCF).