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Main Characteristics of the Baltic Countries Political Development and their Economic Consequences

Author

Listed:
  • Vladimir A. Shamakhov
  • Natalia V. Eremina
  • Nikolay M. Mezhevichc

Abstract

Studying of social and economic processes in the former Soviet Union has not only the academic value. Estimation of transformation results in economy and policy of Russia is possible only in comparison with the states anyway moving in the same direction. The transformational model of Republic of Belarus as the instruction on other model of development, under the same starting conditions, is of considerable interest to us. Practice of social and economic development of the Baltic Countries has however not smaller value for us: Estonia, Latvia, and Lithuania. Their progress during 1991-2007 and even more obvious modern problems is for us a peculiar anti-index of reforming, a compass which arrow is directed to the south. Having proclaimed democracy and the free market how the Baltic Countries lost both the first, and the second? Why it occurred? The answer is offered in this article.

Suggested Citation

  • Vladimir A. Shamakhov & Natalia V. Eremina & Nikolay M. Mezhevichc, 2019. "Main Characteristics of the Baltic Countries Political Development and their Economic Consequences," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 3.
    • Handle: RePEc:acf:journl:y:2019:id:1054
    DOI: 10.22394/1726-1139-2019-3-8-23
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    References listed on IDEAS

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    1. Karsten Staehr, 2015. "Economic Growth and Convergence in the Baltic States: Caught in a Middle-Income Trap?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 50(5), pages 274-280, September.
    2. Steven N. Kaplan & Per Stromberg, 2001. "Venture Capitals As Principals: Contracting, Screening, and Monitoring," American Economic Review, American Economic Association, vol. 91(2), pages 426-430, May.
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