Why has Viimsi become the wealthiest community in post-socialist Estonia?: Explaining one small community's success in a changing world
Purpose - The purpose of this paper is to present a qualitative study of economic development attempts to uncover the critical factors behind the recent economic rise of Viimsi, Estonia, to that of the wealthiest community in the country. Design/methodology/approach - The roles of and interactions among various community stakeholder groups are explored through two sets of resident surveys. From these surveys, and a rich set of secondary material, a narrative emerges as to the factors behind Viimsi's success since 1991, when Estonia regained its independence from the former Soviet Union and its system of economic central planning. Findings - It was found that among the key components explaining why Viimsi has become the wealthiest community in Estonia are its extraordinary openness in embracing the market system, combined with a consensus-based plan among community stakeholders on balanced development, a dependable government, and a level of solidarity among fellow residents in facing change. Originality/value - This paper describes one small community's experience in the global world, and offers observations on successful strategies for a community navigating in it.
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Volume (Year): 9 (2010)
Issue (Month): 2 (July)
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- Brock, William A. & Taylor, M. Scott, 2005.
"Economic Growth and the Environment: A Review of Theory and Empirics,"
Handbook of Economic Growth,in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 28, pages 1749-1821
- William A. Brock & M. Scott Taylor, 2004. "Economic Growth and the Environment: A Review of Theory and Empirics," NBER Working Papers 10854, National Bureau of Economic Research, Inc.
- Tomi Ovaska & Russell S. Sobel, 2005. "Entrepreneurship in Post-Socialist Economies," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 21(Fall 2005), pages 8-28. Full references (including those not matched with items on IDEAS)
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