Estimation of newly emerging economies’ low-tech export impact on Lithuanian low-tech export growth

ENIn recent decades most of advanced economies suffered enhanced competitive pressure from newly emerging economies (NEE). Especially it concerns low-tech sector, where the direction of international labour divisions has changed because of increasing globalization processes. Eventually newly emerging economies became the drivers for the global economic growth. Developing economies beyond the BRICS, such as Viet Nam, Bangladesh, Pakistan, Turkey, Mexico and others compete with each other and with BRICS in the field of FDI inflow attraction and manufacture development, at the same time gaining even greater weight in global competition. The paper tries to answer the question to what extent export of Lithuanian low-tech is dependent and was impacted by the export of NEEs to the same export markets. To answer the question correlation and regression analysis was employed. The results of correlation-regression analysis showed that to some extent there is a relation between Lithuanian and NEEs low-tech export to the same destination markets.