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
Related Articles
- EP ID EP460665
- DOI 10.21272/bel.1(2).12-19.2017
- Views 127
- Downloads 0
A Study on Female Entrepreneurs in Malaysia
This paper summarizes the impact of challenges within the scientific discussion on the issue of female entrepreneurship in Malaysia. In 67 countries of the world, approximately 126 millions of women have started a new bu...
Influence of Leadership Style and Ethical Climate on Attitude to Work of Police Officers: Evidence from Osun State Police Headquarter, Nigeria
This study examined the influence of leadership style and ethical climate of attitude to work of the police officers in Nigeria. Two hypotheses were tested in line with the objectives and research questions of the study....
Gravity model analysis of client-facing choice (in terms of probability evaluation of clients’ visits to banks)
The crisis of the banking sector caused a massive outflow of bank customers. Due to the unfavorable situation in the currency and credit markets – exchange rate, undermining the stability of the course of the national cu...
The Process of Communication in Decision-Making
Negotiation represents a way of communication that has the ability to produce frequently the radical changes on the behaviour, attitudes, and aspirations of the participants in the negotiation, in relation to the form, t...
Executive bonuses clawback in the banking sector
The current post-crisis era in most world countries motivates business entities to focus on improving of risk governance functions. It is mostly concerned to banks because of risky nature of their busi-ness. Before globa...