pt. I. Extending theoretical and conceptual thinking about emerging markets -- pt. II. Operational practices in emerging markets and their implications -- pt. III. Looking forward : eclectic perspectives on emerging markets.

The Baltic economies were severely hit by the global financial crisis. Gross Domestic Product has contracted considerably. Naturally, it asked what went wrong with the "Baltic economic model". This paper surveys the programme of comprehensive economic reforms in the Baltic countries (the case of...