The emergence of Estonia, Latvia and Lithuania as independent, democratic nations from the ashes of the Soviet Union was a milestone for transformation development models. During this period, the Baltic countries made a breathtaking journey from a command economy directed by an oppressive government to independent, prosperous democracies that are now members of NATO and the European Union. The "Baltic development model" (BDM), which was the foundation for this successful transition, was based on a democratic, pluralistic form of government, development of civil society institutions and a f...
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