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“Latvia a decade out from the world’s largest GDP crash: how it collapsed and how to improve its economic performance”

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  • Jeffrey Sommers
  • Kaspars Briskens

Abstract

This article enumerates several sectors where Latvia’s economic performance can be enhanced. Yet, it also delivers by way of a long introduction an overview of Latvia’s economic development in the post-Soviet period from a heterodox perspective that hints at why good options might not have been selected in the past. Following the above overview, we provide a detailed sectoral analysis of Latvia’s economy since the 2008 financial shock that reveals continued hindrances to its development. We conclude by outlining development-friendly tax and industrial policy recommendations to promote Latvia’s continued transformation into a more modern, sustainable, socially responsible and digitally enabled economy.

Suggested Citation

  • Jeffrey Sommers & Kaspars Briskens, 2021. "“Latvia a decade out from the world’s largest GDP crash: how it collapsed and how to improve its economic performance”," Journal of Contemporary Central and Eastern Europe, Taylor & Francis Journals, vol. 29(1), pages 41-67, January.
    • Handle: RePEc:taf:cdebxx:v:29:y:2021:i:1:p:41-67
    DOI: 10.1080/25739638.2021.1968593
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