How Great is Latvia's Success Story?

Austers, Aldis. How Great is Latvia's Success Story? The Economic, Social and Political Consequences of the Recent Financial Crisis in Latvia. Riga: Latvian Institute of International Affairs, 2014.

Aldis Austers in publication "How Great is Latvia's Success Story? The Economic, Social and Political Consequences of the Recent Financial Crisis in Latvia" describes Latvia as "a country of extreme contrasts". Twenty-two years of independence have brought periods of both high growth and deep slumps. The aim of this report is to look at the economic, social and political consequences of the recent financial crisis and the ensuing economic collapse in Latvia (2008-2010), and to analyse whether the crisis resolution has helped to create a basis for a sustainable economic growth, social cohesion, and political consolidation in Latvia.