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Type of publication: research article
Type of publication (PDB): Straipsnis konferencijos medžiagoje kitose duomenų bazėse / Article in conference proceedings in other databases (P1c)
Field of Science: Ekonomika / Economics (S004)
Author(s): Dužinskas, Raimundas;Jurgelevičius, Artūras
Title: 25 years on the way to market economy: progress or regression. The case of Lithuania
Is part of: Economic and social development : 5th international scientific conference : book of proceedings : Belgrade, [Serbia], 10-11 April, 2014 / editors Dinko Primorac and Ana Jovancai ; Varazdin development and entrepreneurship agency, Megatrend University. Varazdin : Vadea : Varazdin development and entrepreneurship agency : Megatrend University, 2014
Extent: P. 103-111
Date: 2014
Keywords: Konkurencingumas;Rinkos ekonomika;Socialinės ekonominės transformacijos;Competitiveness;Market economy;Social economic transformation
ISBN: 9789536125081
Abstract: After the collapse of central planned economy in Central and Eastern Europe, all affected countries experienced dramatic change towards the market economy. Seemingly market economy could bring prosperity and plant “american dream” in Central and Eastern Europe. However, the way towards market economy of every country became not that easy as was thought primarily. Different models of transition period did not bring rapid results, however. “Shock Therapy” or gradualist approach was the central pillar of debates of economists and politicians. However, none of them could predict the exact consequences to the development of economies. The official approach to market economy was considered liberalization. The creation of extremely important preconditions for transitions was lacking. The most important market institutes such as social capital, human resources were not created timely which caused long social economic consequences to countries’ development. Lithuanian experience of transforming economy and integration to EU is analyzed in the paper. Lithuanian experience might be applicable to other potential candidate countries. In order to identify the level of development such indicators were selected: competitiveness index, rate of social exclusion and at risk of poverty, GDP growth rate, minimum wage and others
Affiliation(s): Mykolo Romerio universitetas
Vytauto Didžiojo universitetas
Švietimo akademija
Appears in Collections:Universiteto mokslo publikacijos / University Research Publications

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