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Estonia in transition

Estonia in transition. Muslimin (1006793990) Haensri Jemy (. Where is Estonia?. Located on the Baltic Sea, and offering a gateway to Russia. Estonian History. Estonia as a free country in 1991. Lack of constitution, democratic institutions, and a legal system ;

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Estonia in transition

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  1. Estonia in transition Muslimin (1006793990) HaensriJemy (

  2. Where is Estonia? Located on the Baltic Sea, and offering a gateway to Russia

  3. Estonian History

  4. Estonia as a free country in 1991 Lack of constitution, democratic institutions, and a legal system; Obsolete and bad infrastructures; Below-western-standard banking sector; Economy crisis: high inflation declining GDP, export halted, domestic demand feel, companies went bankrupt, unemployed skilled & unskilled people

  5. Question 1 How has Estonia substantially improved its competitiveness, and performed so well compared to most other transition countries? How was Estonia able to advance so rapidly?

  6. Post-Independence Political & Economy Decisions

  7. Post-Independence Political & Economy Decisions (cont’d) BusinessEnvironment

  8. Post-Independence Political & Economy Decisions (cont’d) BusinessEnvironment(cont’d)

  9. Post-Independence Political & Economy Decisions (cont’d) Clusters • Develop emerging clusters, typically built around the country’s traditional industrial sectors. • Integrate with some of the stronger clusters in the Nordic region, such as: • Food processing. • Logistics. • Forest products. • Textiles and apparel. • Automotive components. • Telecommunications.

  10. Question 2 Compare Estonia’s success with that of Chile. What are the similarities? What are the differences?

  11. Estonia vs Chile Similarities

  12. Estonia vs Chile (cont’d) Differences

  13. Estonia vs Chile (cont’d) Differences(cont’d)

  14. Estonia vs Chile (cont’d) Differences (cont’d)

  15. Question 3 What are the issues facing Estonia in 2002? • Thecountry was sometimes used as a testmarket for new technologies by companies such as Erickson and Nokia. TheIT and telco clustersgrow faster among the Baltic Countries.

  16. Question 4 What recommendations would you make to Estonia’s leaders?

  17. Recommendations to Estonian Leaders

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