PL EN


2009 | 1(58) | 42-68
Article title

LATVIA AND THE KNOWLEDGE SOCIETY: DEVELOPMENT, UNDERDEVELOPMENT AND MACROECONOMIC PERFORMANCE

Authors
Title variants
Languages of publication
EN
Abstracts
EN
Development differs from growth, which is related only to the improvement of economic indicators; in other words, a country's economy may grow in a stationary way without real development that is dependent on innovation. Also, there is a relationship between development and growth. This study looks at the current development of Latvia and concludes that there is growth but not development. The author suggests that only a profound change in the local political culture, along with policies for attracting foreign direct investment and directing local savings to strategic sectors, can change the current socio-economic situation in Latvia. The main challenge is to direct these changes in a way that shapes structures based on the knowledge society. That would ensure a non-subordinated insertion of the country into the international division of labour, stabilise the economy, improve its macroeconomic performance and develop the country.
Contributors
  • Janis Berzins, Riga Stradina University, Faculty of European Studies, Department of Political Sciences, Dzirciema 16, Riga, LV 1007, Latvia
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09LVAAAA05759
YADDA identifier
bwmeta1.element.76ad9ef7-e339-3ec9-91b4-19f9e64f931f
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