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Information × Registration Number 2117U000910, Article popup.category Стаття Title popup.author popup.publication 01-01-2017 popup.source_user Сумський державний університет popup.source http://essuir.sumdu.edu.ua/handle/123456789/61744 popup.publisher Sumy State University Description On the aftermath of the dissolution of the Soviet Union, the newly independent republics had to face a choice over which economic system should be adopted, and how to implement the transition from a planned economy to market economy system. The aim of this paper is to provide a brief overview of the transition process in the cases of Estonia and Lithuania, two countries with a similar history but with significant differences on the social, economic and cultural background. The two countries undertook two different sets of transition reforms: while the first country chose the path of the so called “shock therapy”, Lithuania opted for a more gradual transition. The paper will bring a comparative analysis of the two transitions and of its different outcomes after approximately 25 years of transition. popup.nrat_date 2025-03-24 Close