Over the past two decades, the Baltic States have faced challenges to their economic resilience, triggered by the global financial and economic crisis, the health crisis (COVID-19), and Russia’s war against Ukraine. The disruption of the supply of food, medicines, and other basic necessities for survival has given the issue of economic resilience a much broader context which is often linked to national security and democratic resilience. The different nature of the challenges faced by the Baltic States has highlighted different weaknesses in their economies each time, which has led to the identification of areas that require solutions from the authorities and responsible institutions. The case studies of Estonia, Latvia, and Lithuania show that, although the effects of the crises affected different segments of the economy each time, the impact on economic resilience became less pronounced in the face of each subsequent crisis. This chapter reveals the main similarities and differences in the economic resilience of Estonia, Latvia, and Lithuania in the context of crises caused by financial, health, and security factors.

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Economic Resilience in the Baltic States

  • Gitana Dudzevičiūtė

摘要

Over the past two decades, the Baltic States have faced challenges to their economic resilience, triggered by the global financial and economic crisis, the health crisis (COVID-19), and Russia’s war against Ukraine. The disruption of the supply of food, medicines, and other basic necessities for survival has given the issue of economic resilience a much broader context which is often linked to national security and democratic resilience. The different nature of the challenges faced by the Baltic States has highlighted different weaknesses in their economies each time, which has led to the identification of areas that require solutions from the authorities and responsible institutions. The case studies of Estonia, Latvia, and Lithuania show that, although the effects of the crises affected different segments of the economy each time, the impact on economic resilience became less pronounced in the face of each subsequent crisis. This chapter reveals the main similarities and differences in the economic resilience of Estonia, Latvia, and Lithuania in the context of crises caused by financial, health, and security factors.