Latvia's Transition to a Market Economy

Download or read book Latvia's Transition to a Market Economy written by M. Nissinen and published by Springer. This book was released on 1998-11-22 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The postcommunist transitions to a market economy raised doubts about the political sustainability of an economic reform under democracy. At the same time, they turned the attention to the centrality of political factors in economic policy-making. Latvia has succeeded in proceeding into the consolidation phase of its market reforms while remaining committed to both political pluralism and macroeconomic austerity. Even if politics were not treated as a mere constraint, the basic question is still: how are the government's adjustment choices modified in the political process?