Enterprise Exit in Lithuania

Gediminas Rainys

Chapter 11 in Transition in the Baltic States, 1997, pp 210-223 from Palgrave Macmillan

Abstract: Abstract Until 1991 Lithuania followed the same economic trajectory as the Soviet Union. The integration into the Soviet networks of production remained the dominant factor of industrial organisation. The final collapse of Soviet central planning, a systemic shock, caused widespread disruption in both trade and financial links, which in turn led to shortages of goods and raw materials, loss of export markets, disfunctioning of payments and monetary arrangements, and a ‘wait-and-see’ attitude among enterprise managers.

Keywords: Commercial Bank; Former Soviet Union; Bankruptcy Proceeding; Social Security Fund; Incumbent Manager (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25394-4_11

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DOI: 10.1007/978-1-349-25394-4_11

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