Boom and bust in the Baltic States: what happened to these economies and what should be done now?
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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Knygų dalys / Parts of the books
Language:
Anglų kalba / English
Title:
Boom and bust in the Baltic States: what happened to these economies and what should be done now?
Authors:
In the Book:
European integration and Baltic Sea region: diversity and perspectives: [international conference, 26-27 September 2011]. P. 70-78.. Riga: The University of Latvia, 2011
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Summary / Abstract:
ENThis paper investigates the recent economic evolutions in the Baltic States. After the Global Financial Crisis the States of Estonia, Latvia and Lithuania are facing high unemployment rates and only moderate growth perspectives. It is argued, that economic policy has restricted taking into account the constraints of small states. The recent economic strategy of internal devaluation is reviewed from a macroeconomic perspective. The main finding of this paper is that the chosen strategy is likely not helping to reduce unemployment in a short-term, but can be supportive for future growth perspectives via the enhancement of a transformation process into an innovation-driven economy.
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Updated:
2026-02-25 13:38:57
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