Transformation and Privatization in the Baltics

William H. Meyers, Natalija Kazlauskiene, Inesis Feirferis, Valdek Loko
December 1992  [92-BR 7]

The Baltic states of Estonia, Latvia, and Lithuania have been undertaking rapid economic and structural reforms that greatly affect the food and agricultural sectors. Among the republics of the former Soviet Union, they are progressing most rapidly in the privatization of land and production assets and in the transition to a market economy. The papers in this report describe these reforms and the progress to date in restructuring agriculture and liberalizing prices and related government regulations. This paper summarizes and compares the previous reform structure of agriculture, the reform processes and the results of reforms in the three Baltic states as of spring 1992. It should be emphasized that there are many differences in initial conditions and in reform programs in the three countries, even though their goals are very similar.

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