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Why has Viimsi become the wealthiest community in post‐socialist Estonia?

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  • Tomi Ovaska
  • Robert B. Anderson

Abstract

Purpose - The purpose of this paper is to present a qualitative study of economic development attempts to uncover the critical factors behind the recent economic rise of Viimsi, Estonia, to that of the wealthiest community in the country. Design/methodology/approach - The roles of and interactions among various community stakeholder groups are explored through two sets of resident surveys. From these surveys, and a rich set of secondary material, a narrative emerges as to the factors behind Viimsi's success since 1991, when Estonia regained its independence from the former Soviet Union and its system of economic central planning. Findings - It was found that among the key components explaining why Viimsi has become the wealthiest community in Estonia are its extraordinary openness in embracing the market system, combined with a consensus‐based plan among community stakeholders on balanced development, a dependable government, and a level of solidarity among fellow residents in facing change. Originality/value - This paper describes one small community's experience in the global world, and offers observations on successful strategies for a community navigating in it.

Suggested Citation

  • Tomi Ovaska & Robert B. Anderson, 2010. "Why has Viimsi become the wealthiest community in post‐socialist Estonia?," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 9(2), pages 146-166, July.
    • Handle: RePEc:eme:ijdipp:v:9:y:2010:i:2:p:146-166
    DOI: 10.1108/14468951011062345
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    References listed on IDEAS

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    1. Brock, William A. & Taylor, M. Scott, 2005. "Economic Growth and the Environment: A Review of Theory and Empirics," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 28, pages 1749-1821, Elsevier.
    2. Robert B. Anderson & Ronald D. Camp II & Leo Paul Dana & Benson Honig & Jean-Marie Nkongolo-Bakenda & Ana Maria Peredo, 2005. "Indigenous land rights in Canada: the foundation for development?," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 2(2), pages 104-133.
    3. Tomi Ovaska & Russell S. Sobel, 2005. "Entrepreneurship in Post-Socialist Economies," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 21(Fall 2005), pages 8-28.
    4. Anderson, Robert B. & Dana, Leo Paul & Dana, Teresa E., 2006. "Indigenous land rights, entrepreneurship, and economic development in Canada: "Opting-in" to the global economy," Journal of World Business, Elsevier, vol. 41(1), pages 45-55, February.
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    Cited by:

    1. Tomi Ovaska & Ryo Takashima, 2020. "Caveat Emptor: Foreign Aid and Entrepreneurship," Economies, MDPI, vol. 8(1), pages 1-13, January.
    2. Tomi Ovaska, 2014. "Institutions, entrepreneurship and economic growth," Chapters, in: Robert F. Salvino Jr. & Michael T. Tasto & Gregory M. Randolph (ed.), Entrepreneurial Action, Public Policy, and Economic Outcomes, chapter 2, pages 9-33, Edward Elgar Publishing.

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