Estonia and Lithuania in transition: A compared analysis of the change and its costs and benefits

Pilia, G.

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Title	Estonia and Lithuania in transition: A compared analysis of the change and its costs and benefits
Authors	Pilia, G.
ORCID
Keywords	transition post-soviet Lithuania Estonia shock therapy перехідний період пострадянський Литва Естонія шокова терапія переходный период постсоветский Эстония шоковая терапия
Type	Article
Date of Issue	2017
URI	http://essuir.sumdu.edu.ua/handle/123456789/61744
Publisher	Sumy State University
License	Copyright not evaluated
Citation	Pilia, G. (2017). Estonia and Lithuania in transition: A compared analysis of the change and its costs and benefits. Business Ethics and Leadership, 1(2), 12-19. Doi: 10.21272/bel.1(2).12-19.2017
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.
Appears in Collections:	Business Ethics and Leadership (BEL)