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Managing Reform: How Can the Baltic States as Aid Donors Best Share their Transition Experience with Less Advanced Economies and what Lessons Can they Learn from the International Development Programs of the Nordic Countries?

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  • Hilmar HILMARSSON

    (The University of Akureyri, Iceland)

Abstract

In spite of the global economic and financial crisis the Baltic States continue with their transition. According to the World Bank, Estonia and Latvia already are high income countries and Lithuania is an upper middle income country. All the Baltic States are members of key multilateral development institutions and have also established their bilateral development programs. Currently they are assisting and sharing their transition experience with countries further to the south and the east, including Belarus, Georgia, Moldova, Ukraine, etc. This article argues that small states can play an important role in economic development and the Baltic States can be important contributors since they have recent and relevant transition experience to share if they engage in policy dialogue with countries that are less advanced in their transition.

Suggested Citation

  • Hilmar HILMARSSON, 2011. "Managing Reform: How Can the Baltic States as Aid Donors Best Share their Transition Experience with Less Advanced Economies and what Lessons Can they Learn from the International Development Programs," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(4), pages 683-696, October.
    • Handle: RePEc:rom:rmcimn:v:12:y:2011:i:4:p:683-696
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    File URL: https://www.rmci.ase.ro/no12vol4/06.pdf
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    References listed on IDEAS

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    1. Williamson, John, 2000. "What Should the World Bank Think about the Washington Consensus?," The World Bank Research Observer, World Bank, vol. 15(2), pages 251-264, August.
    2. William Easterly & Ross Levine & David Roodman, 2004. "Aid, Policies, and Growth: Comment," American Economic Review, American Economic Association, vol. 94(3), pages 774-780, June.
    3. William Easterly (ed.), 2008. "Reinventing Foreign Aid," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550660, December.
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    Cited by:

    1. Trung Quang DINH & Hilmar Þor HILMARSSON, 2012. "Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help?," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 167-180, March.
    2. Hilmar Tór HILMARSSON, 2012. "Managing Risks in Cross Border Energy Projects in Emerging Markets," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(5), pages 717-732, December.

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    More about this item

    Keywords

    Small states; bilateral and multilateral development cooperation; budget support; policy dialogue; international financial institutions (IFIs).;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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