Estonia's liberal policies under threat of EU

  • 2003-06-19
  • Ivar Raig
An open economy -- liberal trade policy, a stable currency, low taxes and balanced budget -- has been the cornerstone of Estonian's economic strategy since 1992. The Heritage Foundation 2003 report entitled "Index of Economic Freedom" ranks the Baltic country as the sixth most open economy in its list of "mostly free" economies, which means Estonia offers one of the most liberal economies not only in Eastern Europe but in all of Europe.Estonia is among the leaders in Central and Eastern Europe in terms of per capita foreign direct investment. The privatization of retail trade, industry, agr...
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