Estonia and Lithuania in transition: A compared analysis of the change and its costs and benefits
Journal Title: Business Ethics and Leadership (BEL) - Year 2017, Vol 1, Issue 2
Abstract
On the aftermath of the dissolution of the Soviet Union, the newly independent republics had to face a choice over which economic system should be adopted, and how to implement the transition from a planned economy to market economy system. The aim of this paper is to provide a brief overview of the transition process in the cases of Estonia and Lithuania, two countries with a similar history but with significant differences on the social, economic and cultural background. The two countries undertook two different sets of transition reforms: while the first country chose the path of the so-called “shock therapy”, Lithuania opted for a more gradual transition. The paper will bring a comparative analysis of the two transitions and of its different outcomes after approximately 25 years of transition.
Authors and Affiliations
Giulia Pilia
Keywords
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- EP ID EP460665
- DOI 10.21272/bel.1(2).12-19.2017
- Views 119
- Downloads 0
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