Submitted by Marcin Polak (not verified) on June 11, 2008 - 2:18am.
Thank you Jamie for mentioning my presentation at the OECD/DT conference. I have one remark. Actually it was the Polish central bank which, being lead by Prof. Balcerowicz at that time - as the public institution in my country invested serious financial resources in economic and financial education of the society. Within 2002-2007 when Balcerowicz was the Governor of the National Bank of Poland, I had a full support for initiating large and complex programs that involved mass media, internet and non-profits. That was something unusual worldwide. If I can add something - government (public) institutions must be a catalyst of such action but they also need brave leaders who not only understand the need of financial literacy, but are committed to shift significant financial resources (rather in Millions of USD, not thousands...) to secure a long term process of educational activities. And from my experience and studies in activities of central banks in over 40 countries worldwide, this is in most cases a main obstacle, when programs on a mass scale are considered. And I can assure, this is worthy.
Marcin Polak, THINK POINT, Poland
Edutainment in Poland
Thank you Jamie for mentioning my presentation at the OECD/DT conference. I have one remark. Actually it was the Polish central bank which, being lead by Prof. Balcerowicz at that time - as the public institution in my country invested serious financial resources in economic and financial education of the society. Within 2002-2007 when Balcerowicz was the Governor of the National Bank of Poland, I had a full support for initiating large and complex programs that involved mass media, internet and non-profits. That was something unusual worldwide. If I can add something - government (public) institutions must be a catalyst of such action but they also need brave leaders who not only understand the need of financial literacy, but are committed to shift significant financial resources (rather in Millions of USD, not thousands...) to secure a long term process of educational activities. And from my experience and studies in activities of central banks in over 40 countries worldwide, this is in most cases a main obstacle, when programs on a mass scale are considered. And I can assure, this is worthy.
Marcin Polak, THINK POINT, Poland