HomeContact Site map   Google    www    iipm think tank
   
   
Home Scrutiny Publications Under Cover Mus'ings  
 

Home > Scrutiny > The new tiger…

  
   
     
   Case Studies  
       
  Marketing    
  Human Resource    
  Information Technology    
  Finance    
  Strategy    
       
 
     
   Industries  
       
  Steel    
  Glass    
  Banking    
  Prophylactic    
  Auto    
  Hospitality    
  Energy    
       
 
     
   Other links  
       
  IIPM    
  Planman Consulting    
  Planman Marcom    
  Planman Technologies    
  Daily Indian Media    
  Planman Financial    
  4P's Business and Marketing    
  Business and Economy    
  The Daily Indian    
  The Sunday Indian    
  Arindam Chaudhuri    
  GIDF    
       
 
  
         
Scrutiny
  
The new tiger…
…of Baltic States, coming soon...
26/07/2007

High growth rate, booming international trade, tame inflation, high employment rate, manageable budget deficit…Phew! Mystified by all these economic indicators, then look to east Europe, a small country- Lithuania. This quiet and latent economy slowly crawled towards development and astonishingly emerged as brightest of all the Baltic States.

After the market crash of 1998, this Baltic Tiger revamped its economic policy and embarked on a developmental drive. Privatisation on large scale was adopted. This was followed by an effective tax collection procedure clubbed with reduction in administrative spending, which not only benefited them in short run but also in long run. Lithuania doesn’t only have high average income but also had a GDP per capita of $15,300. Moreover, excellent modern and efficient infrastructure clubbed with high employment rate (96.3%) is attracting myriad foreign investors & businesses. This has not only resulted in capital inflows but also effectuated reverse migration. The capitalist free market principles had boosted growth, but relatively speaking, this may still seem insignificant. Then, wait until the seamless & complete transition to market economy. After all this tiger is catching up.

By:- B&E
Back

  
 
 
       
Home | Scrutiny | Publications | About us | Contact us
Copyright @2010 iipm think tank. All rights reserved.