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Latvia s Transition to a Market Economy

by M. Nissinen
Publisher: Springer
Release Date: 1998-11-22
Genre: Business & Economics
Pages: 309 pages
ISBN 13: 0230372554
ISBN 10: 9780230372559
Format: PDF, ePUB, MOBI, Audiobooks, Kindle

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The postcommunist transitions to a market economy raised doubts about the political sustainability of an economic reform under democracy. At the same time, they turned the attention to the centrality of political factors in economic policy-making. Latvia has succeeded in proceeding into the consolidation phase of its market reforms while remaining committed to both political pluralism and macroeconomic austerity. Even if politics were not treated as a mere constraint, the basic question is still: how are the government's adjustment choices modified in the political process?
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