A new academic report looks back over the last 30 years of the Latvian economy and presents recommendations for the future.
Titled “Three decades of transition”, the report is written by economists Jeffrey Sommers and Kaspars Briškens and is published by the Friedrich-Ebert-Stiftung.
The report includes a sectoral analysis of the economy and points to what areas to target for investment and planning, and what areas of the economy are a hindrance to Latvia’s development, in the authors’ view.
Its main conclusions suggest major changes to tax and innovation policy and while it contains some strong criticisms of policy choices made hitherto, it does end with a dose of cautious optimism, saying “…policy changes of the type recommended in our analysis could result in economic development that returns Latvia to a growth trajectory, doing so along more broadly distributed sectors that enable sustained growth.”
The full report is available to read and download online .
The Friedrich-Ebert-Stiftung (FES) is a non-profit German foundation funded by the government of Germany, and headquartered in Bonn and Berlin. It was founded in 1925 and is named after Germany’s first democratically elected President, Friedrich Ebert. FES promotes socio-political and economic development in line with social democratic principles.