Estonia's double challenge in managing the financial crisis

  • 2009-01-21
  • By Leon Miller
Estonia is doubly challenged by the economic crisis: Estonia has experienced a downswing due to the international financial crisis and this sets back plans for sustainable development in ways aligned with Estonian cultural values. Estonia is pressed to respond to the crisis with this dual challenge in mind. Local and international investors profited in Estonia's liberalized markets 's creating an economic upswing 's spurred by investors anxious to make as much as possible as quickly as possible. This overshadowed the need for a culturally compatible and sustainable approach to developme...
 
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