Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /var/www/www-root/data/www/modecon.mnau.edu.ua/wp-content/plugins/qtranslate-x/qtranslate_frontend.php on line 497
{"id":20682,"date":"2025-10-02T11:59:43","date_gmt":"2025-10-02T08:59:43","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=20682"},"modified":"2025-10-02T12:02:48","modified_gmt":"2025-10-02T09:02:48","slug":"the-effects-of-transformation-of","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/the-effects-of-transformation-of\/","title":{"rendered":"Dovgal \u041e. The Effects of Transformation of the Baltic Economies in the Process of European Integration"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification:<\/strong> \u041e19, F45<\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-05<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Dovgal \u041e. \u0410., <\/b>Doctor of Economic Sciences, Professor, Professor of the Department of International Economic Relations and Logistics, V.N. Karazin Kharkiv National University, Kharkiv, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0003-3219-9731<\/span><\/a>
\ne-mail: <\/strong>e.dovgal@karazin.ua<\/span><\/a><\/p>\n

 <\/p>\n

The Effects of Transformation of the Baltic Economies in the Process of European Integration<\/b><\/h2>\n

Abstract. Introduction<\/i><\/b>.\u00a0<\/span><\/i>The foreign market with the European Union opens up various prospects for the development of the Baltic countries’ economies, considering the obvious lower prices in the West. In any case, it is functional and achieves well-developed infrastructure for transport and other industrial, rural, and service areas that were lost during economic downturns.<\/span><\/i><\/p>\n

Purpose<\/i><\/b>. The purpose of this article is to analyze the effects of transformation of the economies of the Baltic countries in the process of European integration.<\/span><\/i><\/p>\n

Results<\/i><\/b>. At the beginning of the post-Soviet development period, the Baltic countries began carrying out reforms and joining Euro-Atlantic structures as soon as possible, starting with the EU and NATO. Otherwise, the implementation of reforms would have a minimal negative impact. The analysis demonstrated that the Baltic countries’ early EU membership was marked by hostile economic growth after the 2008\u20132009 global financial crisis. The pace of economic development in the Baltic countries slowed down noticeably.<\/span><\/i><\/p>\n

Conclusions<\/i><\/b>. Thus, the country’s prospects for EU membership and accession to the European monetary system can be viewed positively. Their economies demonstrated significant success, particularly in the early years after joining the EU. It is important to note, however, that this success has a turning point. In Sweden, for example, a significant increase in GDP was due to foreign investment and financial assistance from various EU funds.\u00a0<\/span><\/i><\/p>\n

Keywords<\/b>: Baltic countries; Lithuania; Latvia; Estonia; European Union; European integration; economic transformation.<\/span><\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

    \n
  1. Aidukaite, J. (2019). The welfare systems of the Baltic states following the recent financial crisis of 2008\u20132010: expansion or retrenchment? Journal of Baltic Studies. Vol. 50. No. 1, Pp. 39\u201358. DOI: 10.1080\/01629778.2019.1570957.<\/span><\/li>\n
  2. \u00c5slund, A. (2011). The last shall be the first. The east European financial crisis, 2008\u20132010. Peterson Institute for international economics. Washington D\u0421.<\/span><\/li>\n
  3. \u00c5slund, A. (2015). Why Have the Baltic Tigers Been So Successful? \/\/ CESifo Forum, Institut f\u00fcr Wirtschaftsforschung (Ifo), Vol. 16. No. 4.<\/span><\/li>\n
  4. Dandashly, A., Verdun, A. (2020). Euro adoption policies in the second decade \u2013 the remarkable cases of the Baltic States. Journal of European Integration. 42:3. Pp. 381\u2013397. DOI: 10.1080\/07036337.2020.1730355].<\/span><\/li>\n
  5. Falkowski, K. (2018). Competitiveness of the Baltic States in international high-technology goods trade. Comparative Economic Research. De Gruyter. Warsaw. Vol. 21, Iss. 1. Pp. 25\u201343. Available at: http:\/\/dx.doi.org\/10.2478\/cer-2018\u20130002.<\/span><\/li>\n
  6. International Monetary Fund. World Economic Outlook Database, October 2024. <\/span>URL: https:\/\/www.imf.org\/en\/Publications\/WEO\/weo-database\/2024\/October<\/span><\/li>\n
  7. Jo\u010dien\u0117, A. (2015). Scandinavian bank subsidiaries in the Baltics: Have they all behaved in a similar way? Intellectual Economics. No. 9 (1). \u0420p. 43\u201354. DOI:10.1016\/j.intele.2015.09.002.<\/span><\/li>\n
  8. Schrader, K. (2018). Economic divergence in the Baltic region. Estonian Discussions on Economic Policy. Vol. 26. No. 1\u20132. Eesti Vabariik \u2013 100 (24 veebruar 1918). DOI: https:\/\/doi.org\/10.15157\/tpep.v26i1\u20132.14518.<\/span><\/li>\n
  9. Sommers, J., Briskens, K. (2021). Latvia a decade out from the world\u2019s largest GDP crash: how it collapsed and how to improve its economic performance. Journal of Contemporary Central and Eastern Europe. Vol. 29. No. 1. Pp. 41\u201367. DOI: 10.1080\/25739638.2021.1968593.<\/span><\/li>\n
  10. Startiene, G., Remeikiene, R. (2014). Evaluation of Revealed Comparative Advantage of Lithuanian Industry in Global Markets. Procedia\u2013 Social and Behavioral Sciences. No. 110.<\/span><\/li>\n
  11. The World Bank: Data<\/span> Bank. <\/span>World Development Indicators. URL: https:\/\/data.worldbank.org\/indicator\/NY.GDP.PCAP.CD.\u00a0<\/span><\/li>\n
  12. Tsaurkubule, Zh., Vishnevskaja, A. (2017). The comparative analysis of the main indicators of the Baltic states economic development in the condition s of the European integration. Research papers of Wroclaw university of economics. No. 466.<\/span><\/li>\n
  13. Wrobel, R. M. (2015). From independence to the Euro introduction: varieties of capitalism in the Baltic States. Central and Eastern European Journal of Management and Economics. Vol. 3. No.6. Pp. 9\u201338.<\/span><\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: <\/strong>28 July 2025<\/span><\/p>\n

    \"dovgal.pdf\"<\/div>
    dovgal.pdf<\/div><\/div>
    <\/div>
    <\/div>
    Size: <\/span>1,35<\/span><\/div>
    Download Now!<\/a><\/span>256<\/span> Downloads<\/span><\/span><\/div><\/div>
    <\/div>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n\n
    \n

    How to quote this article?<\/p>\n<\/td>\n<\/tr>\n

    Dovgal \u041e. (2025). The Effects of Transformation of the Baltic Economies in the Process of European Integration. Modern Economics, 52(2025), 30-35. DOI: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-05.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1657628632157{margin-top: 10px !important;}”]<< \u041f\u043e\u0432\u0435\u0440\u043d\u0443\u0442\u0438\u0441\u044f \u0434\u043e \u0437\u043c\u0456\u0441\u0442\u0443<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column][vc_column_text] JEL Classification: \u041e19, F45 DOI: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-05 [\/vc_column_text][vc_column_text]Dovgal \u041e. \u0410., Doctor of Economic Sciences, Professor, Professor of the Department of International Economic Relations and Logistics, V.N. Karazin Kharkiv National University, Kharkiv, Ukraine ORCID ID: 0000-0003-3219-9731 e-mail: e.dovgal@karazin.ua   The Effects of Transformation of the Baltic Economies in the Process of European Integration Abstract. Introduction.\u00a0The foreign
    Read more<\/a><\/p>\n","protected":false},"author":10,"featured_media":13475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[238],"tags":[239],"class_list":["post-20682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-52-2025","tag-52-2025"],"_links":{"self":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/20682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/comments?post=20682"}],"version-history":[{"count":3,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/20682\/revisions"}],"predecessor-version":[{"id":20811,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/20682\/revisions\/20811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media\/13475"}],"wp:attachment":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media?parent=20682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/categories?post=20682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/tags?post=20682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}