Abstract
The three Baltic states of Estonia, Latvia and Lithuania had higher national incomes than most of the other states of the USSR. The “Southeast Asian miracle” economies often did not reach comparable levels until the 1980s. Now that the Baltic states have regained independence, are there any lessons to be drawn from the experience of the “tigers”?
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References
See Harper's, November 1983.
See also The World Bank: East Asian Miracle: Economic Growth and Public Policy, World Bank, 1995; and Asian Development Bank: Emerging Asia: Changes and Challenges, ADB, 1997. See also Harry S. Rowen (ed.): Behind East Asian Growth, Routledge 1998; and Aiko Ikeo (ed.): Economic Development in Twentlieth Century East Asia, Routledge 1997.
An excellent overview can be found in Janos Kornai: The Socialist System: The Political Economy of Communism, Princeton University Press 1992; and his more recent Struggle and Hope: Essays on Stabilization and Reform in a Post-Socialist Economy, Edward Elgar 1997. A standard textbook treatment is by Paul R. Gregory and Robert C. Stuart: Russian and Soviet Economic Performance and Structure, Sixth Edition, Addison-Wesley 1998.
See Michael T. Skully and George J. Viksnins: Financing East Asia's Success, Macmillan in association with the American Enterprise Institute 1987.
Lucian W. Pye: The New Asian Capitalism: a Political Portrait, in: Peter L. Berger and H. M. Hsiao (eds.): In Search of an East Asian Development Model, Transaction Books 1988, pp. 86–87.
For example, see Robert Wade: Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization, Princeton University Press 1990; but see also Paul Krugman: The Myth of Asia's Miracle, in: Foreign Affairs, November 1994.
Karl A. Wittfogel: Oriental Despotism, Yale University Press 1957.
World Development Report 1996, pp. 3–4.
Juris Dreifelds: Latvia in Transition, Cambridge University Press 1996. See also Chapter 7 in George J. Viksnins: Economic Systems in Historical Perspective, Kendall/Hunt Publishing 1997. The reference to Vaclav Klaus is to his Dismantling Socialism: a Preliminary Report, Praha Top Agency 1992, p.27. See also George J. Neimanis: The Collapse of the Soviet Empire: The View From Riga, Praeger 1997.
See George J. Viksnins and limars Rimshevitchs: The Latvian Monetary Reform, in: Thomas D. Willett et al. (eds.): Establishing Monetary Stability in Emerging Market Economies, Westview 1995.
Janos Kornai: Highway and Byways: Studies on Reform and Post-Communist Transition, MIT Press 1995, p. 218.
Andrzej Brzeski, in: Robert W. Campbell (ed.): The Post-Communist Economies Transformation: Essays in Honor of Gregory Grossman, Westview 1994, pp. 11–12.
Janos Kornai: Highway and Byways: Studies on Reform and Post-Communist Transition, MIT Press 1995, p. 222.
Ibid., Janos Kornai: Highway and Byways: Studies on Reform and Post-Communist Transition, MIT Press 1995, p. 225.
The term is associated with Federal Reserve Chairman Alan Greenspan. See George J. Viksnins: Money Meltdown in Southeast Asia, at www.intellectual-capital.com, November 13, 1997 (an Internet magazine of commentary).
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Viksnins, G.J. The East Asian model and the Baltic states. Intereconomics 33, 238–244 (1998). https://doi.org/10.1007/BF02929519
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DOI: https://doi.org/10.1007/BF02929519