This is a review of a book written by Estonia's first post-Soviet president. It talks about how Estonia went about making the transition from communism to a market economy. It also highlights how Estonia dealt with organizations such as the IMF. This part shows how countries wanting to implement market reforms shouldn't follow everything told to them by the IMF. The IMF as many of you know has had a bad track record for helping countries to liberalize their economies.
Estonia has done a great job after the collapse of USSR, but Latvia...Well, i guess we're not that smart. I live like 30km's from border of Estonia, should once go to a little trip.
Ye I live in Estonia and that's what I learn in history too. It's reported with such greatness in books it makes me sick. Although the transition was probably the best way of the available it wasn't THE best as the books tell. Looking at other students taking it as a truth from god makes me sad but that's how we roll.
One area where I can see Estonia(and Poland)serving as models is in how they implemented their business privatization. Both countries were able to do this in ways that avoided the problems that other post soviet countries had with this. Estonia seems to have used an auction approach and Poland used a leasing approach to expanding privatization. Estonia's Privatization Model http://knowledge.emory.edu/article.cfm?articleid=535
