Alf Vanags: The Political Economy of the Latvian State and the Role of External Anchors

This is one good (and short) article to read: how dependent we are on external anchors and that acutally we are not making our own policy, even more, we have no clue what we want to do!
I like this part pretty much –
“It is hard to over-estimate the impact of EU accession on Latvia. What would Latvia be like today if it were not a member state of the EU? There are sufficient tendencies even now in Latvia to suggest we would observe something like a tax-haven, off-shore economy, probably with weak democratic institutions.
What of today? The ‘big’ external anchors are used up, and Latvia today:
•Is the fourth poorest country in the EU with GDP per capita in 2013 at 67% of the EU average (only Croatia, Romania and Bulgaria are poorer);
•Is a particularly unequal society – Latvia has some of the worst poverty and inequality indicators in the EU;
•Has a shadow economy at 23.8% of GDP (data on 2013; Putniņš and Sauka (2014)); and
•Has an internationally uncompetitive higher education system.”
(Alf Vanags)

Full text:
THE POLITICAL ECONOMY OF THE LATVIAN STATE AND THE ROLE OF EXTERNAL ANCHORS

@ agneesze

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