The Fast Track from the Soviet Union to the World Economy: External Liberalization in Estonia and Latvia

There Exists An Extensive Literature On The Political Economy of external liberalization in emerging markets. However, the remarkable progress of Estonia and Latvia in external liberalization has not yet been addressed systematically in the academic literature from a political economy angle. This article aims not only to make a contribution to fill this gap in the literature by focusing on trade policy reform, but also to address three other issues.