Latvia’s innovative development: foreign experience applying to increase the competitiveness

Economic Annals-ХХI: Volume 146, Issue 11-12, Pages: 85-87

Citation information:
Stradinya, S. (2014). Latvia’s innovative development: foreign experience applying to increase the competitiveness. Economic Annals-XXI, 11-12, 85-87. https://ea21journal.world/index.php/ea-v146-21/

Svetlana Stradinya
PhD (Economics),
Associate Professor,
Baltic International Academy of Riga
4 Lomonosov Str., Riga, LV-1019, Latvia
svet@mits.lv

Latvia’s innovative development: foreign experience applying to increase competitiveness

Abstract. Both positive and negative results of Latvia’s economic development after joining the EU are considered in this research. The separate issues, preventing its innovative development are analyzed. The identified problems in the economic development of Latvia show the exhaustion of the existing economic performance model. Latvia should use an experience of small countries which win through the way from outsiders to the leading EU countries. The characteristics of learning economy concept and the national innovation system, developed by the Danish and Norwegian researches for the purpose of application in the innovation strategy of Latvia’s development are given. The directions in transition to innovative way of development and competitiveness improving for Latvia are suggested.

Keywords: Economy of Latvia; Innovative Development; Clusters; Economics of Learning; National System of Innovation; Competitiveness

JEL Classification: R11; R58

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Received 21.10.2014