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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 | |
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) |
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Files
File | Size | Format | Downloads |
---|---|---|---|
Pilia_Estonia.pdf | 585,21 kB | Adobe PDF | 807747514 |
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