How Great is Latvia's Success Story? The Economic, Social and Political Consequences of the Recent Financial Crisis in Latvia

by Aldis Austers

2014

Aldis Austers. How Great is Latvia's Success Story? The Economic, Social and Political Consequences of the Recent Financial Crisis in Latvia. – Riga: Latvian Institute of International Affairs, 2014. – 24 p.

Aldis Austers describes Latvia as a "a country of extreme contrasts. Twenty-two years of independence have brought periods of both high growth and deep slumps." The aim of this paper is to look at the economic, social and political consequences of the recent financial crisis and the ensuing economic collapse in Latvia in 2008-2010, whether the crisis's resolution has helped to create a basis for a sustainable economic growth, social cohesion, and political consolidation in Latvia.

The report in this publication does not represent official position of the Friedrich-Ebert-Stiftung on any of the issues reflected in the text.

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