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The Baltic republics: post-Soviet bell-wethers and bridges

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As western businesses and governments participate in the overhaul of the former Soviet Union, the Baltic republics of Estonia, Latvia and Lithuania can play a potentially important role in bridging economic and cultural differences. An analogy is drawn to Hong Kong, which has achieved remarkable success by leveraging a favourable location, good infrastructure and industrious human resources to forge a mutually beneficial relationship with its huge neighbour (and future sovereign), the People's Republic of China. The Asian territory is proposed as a role model for the future development of Estonia, Latvia and Lithuania. As market-oriented democracies, the three small Baltic republics will provide a gateway into Russia and serve as bell-wethers for larger scale transformation across the former Soviet Union.
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Keywords: Business Development; Estonia; Hong Kong; Latvia; Lithuania

Document Type: Research Article

Publication date: July 1, 1995

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