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Archive for September, 2011

Economic growth in a multispeed world

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Professor Michael Spence,
recipient of the 2001 Nobel Memorial
Prize in Economic Sciences

A review of:
Michael Spence, The Next Convergence: The Future of Economic Growth in a Multispeed World. New York: Farrar, Straus and Giroux 2011. xvi+296 pages. 

The book is a product of the independent High Level Commission on Growth and Development that completed its work in 2010. Members of the Commission included leaders of social and economic transformations internationally and top global experts such as Robert Solow, the father of modern growth theory, and Mohamed El-Erian, CEO of Pimco. Prof. Michael Spence, the 2001 Nobelist in Economics, chaired this unique effort. 

The reading of this book is a humbling experience. The reader is immediately hit by the vast intellectual expanse of the topic and the Author’s Nobel winning theoretical brilliance combined with his “hands-on” practical-analytical, integrative, and simplifying capabilities keeping the argumentation both rigorous and free from the rather unnecessary technical jargon.  

Valdas Samonis
Institute for New Economic Thinking, New York City
and SEMI Online, Toronto


Category : Front page

Economic growth in a multispeed world

- Posted by - (1) Comment

Professor Michael Spence,
recipient of the 2001 Nobel Memorial
Prize in Economic Sciences

A review of:
Michael Spence, The Next Convergence: The Future of Economic Growth in a Multispeed World. New York: Farrar, Straus and Giroux 2011. xvi+296 pages. 

The book is a product of the independent High Level Commission on Growth and Development that completed its work in 2010. Members of the Commission included leaders of social and economic transformations internationally and top global experts such as Robert Solow, the father of modern growth theory, and Mohamed El-Erian, CEO of Pimco. Prof. Michael Spence, the 2001 Nobelist in Economics, chaired this unique effort. 

The reading of this book is a humbling experience. The reader is immediately hit by the vast intellectual expanse of the topic and the Author’s Nobel winning theoretical brilliance combined with his “hands-on” practical-analytical, integrative, and simplifying capabilities keeping the argumentation both rigorous and free from the rather unnecessary technical jargon.

Prof. Spence argues that the formerly huge asymmetries between advanced and developing countries are declining and the pattern for the first time in some 250 years is that of convergence rather than the usual divergence. Part one of the book deals with the shifting characteristics of the postwar global economy, part two is devoted to sustained economic growth theory and practices, part three analyzes the development impact of the Great Recession that started in 2008, and part four analyzes the future trends and sustainability of  economic growth. Throughout the book, the leading leitmotiv is the issues of economic governance and leadership in this new era of convergence.

Economic growth dynamics is sometimes subject to hitherto rather unexplained statistical laws. For example, the so called 72 rule used by statisticians of growth says that the time it takes in years to double the economy in size is equal to 72 divided by the specific annual growth rate. So at 1% (e.g. EU) growth rate, economy (or income) doubles in 72 years; at China’s usual 10% growth rate, economy doubles in roughly 7 years. This gives the reader a measure of the great power of the new convergence processes as well as a measure of the opportunity cost of development retardation due to wars, totalitarianism, political turmoil, endemic corruption or natural factors. Many developing countries, especially small and/or landlocked ones, spend long periods of time languishing in a low growth mode due to these factors. This “low equilibrium”, that is not unlike a gravitation pull, must be broken by a decisive leadership and then shifted to a new sustainable pattern. Somewhat different challenges await countries that have already largely achieved a middle-income plateau.

Prof. Spence argues that we are now midway through a century of high growth in the developing world and a convergence with the advanced countries; this is the main trend that will change the world beyond recognition. He explains what happened to cause this dramatic shift in the prospects of the 5 billion or so people who live in developing countries, his discussions of human capital, knowledge transfer, and governance in the developmental catch-up processes are revealing.. These newcomer countries have already become an increasingly important engine of growth in the global economy bringing about the prospects of new, multi-speed and multi-polar global village. I about a decade, over 50% of the global product will come from these developing countries that are probably better named emerging markets. This is a very optimistic message. However, these extraordinary developments will yet present hitherto unknown challenges in governance, international coordination, and environmental sustainability on a global scale, no doubt about it. The Author ventures a bold and lucid analysis of what is at stake for us and our children in this new brave converging global economy.

The book is likely to become a reference material for top level discussions about the state of this global village of ours in the next few decades.  In particular, this Great Recession of will propel the book to one of the main readings on how to creatively rebalance the global economy and arrive at new and more sustainable re-combinations of global, continental, national, regional, local, and individual economic interests. As well, the thinking about modern roles of all the levels of government in the economy will be impacted deeply by this book. That helps a lot in the era of deepening theoretical confusion and helpless doom and gloom prognostications.

With a certain effort, the book is accessible to most educated readers. A very broad spectrum of readers can immensely benefit from reading this unique book but leaders of all kinds of organizations dispersed globally should adopt it as a must read.

Valdas Samonis
Institute for New Economic Thinking, New York City
and SEMI Online, Toronto

Category : Business, economy, investments

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Joakim Noah:
Basketball might be bigger in Lithuania than even back in America.

Passion for the sport seen in every sector of society

By Christopher Johnson - Special to The Washington Times

KAUNAS, Lithuania — While American basketball addicts are growing anxious over the NBA lockout, fans in that other hotbed of basketball —Lithuania — are in hoop heaven as they host some of the best players and action in the world at Eurobasket 2011.

Joakim Noah, the French center who led the Chicago Bulls deep into the playoffs last season, calls EuroBasket “an NBA playoff environment. It’s very similar in terms of energy.”

That’s not only because of NBA Finals MVPs Dirk Nowitzki and Tony Parker playing for Germany and France. 

Noah, a dual citizen of France and the U.S. who was born in New York City, said that basketball might be bigger in Lithuania than even back in America.

“Lithuania’s population is probably smaller than the state of Indiana, but you see the love and passion they have for the game here,” he said after France beat Greece on Thursday to advance to the semifinals. “Even the girl on the cover of the Lithuanian Playboy magazine has a basketball in her hand.”

Many American fans have never heard of EuroBasket. But an increasing number of U.S.-based players and basketball officials, who are watching the games on, are realizing that some of the most dramatic and hard-fought action is happening across the Atlantic.

Read ‘The Washington Post’ article at

Category : News

New committee will stimulate Lithuanian-Danish partnership

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President of Lithuania, Dalia Grybauskaitė, with Jørgen Molde, Ambassador of Denmark.

In the capital of Denmark, the city of Copenhagen, a new committee has been established to push forward economic partnership between Lithuania and Denmark.

The Danish Ambassador in Lithuania, The Lithuanian Ambassador in Denmark, Confederation of Danish Industries, Invest Lithuania and a number of Danish Chamber of Commerce members participated in establishing the Committee, which will focus on stimulating bilateral investment flows, exchange of ideas and views on further developments of the markets, as well as improvement of business operation environments in Lithuania and Denmark.

Amongst the Nordic countries, Denmark for many years has been one of the leading foreign investors in Lithuania. Danish FDI was constantly growing from year to year and it especially increased in the past decade, before the recent financial crisis hit the economies of the world. According to the Lithuanian Department of Statistics, there were 260 Danish investors in Lithuania in 2010, and Danish FDI constituted more than EUR 1 billion.

September 15, 2011, Invest Lithuania

Category : News

Drunk as a skunk!

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I thought I would share this with you all. What an exciting country Lithuania is!!

Yesterday evening, as I looked out of my dining room window, I noticed a lot of smoke. It was very close to a new house being built by one of the Iki brothers but behind a huge lilac tree so I could not properly see what the cause was.

I watched for a while and realised that the smoke was actually moving position. I knew I would not be happy until I had found out what was going on.

One of the biggest worries in a heavily wooded countryside with a majority of wooden houses, is fire. When I got to the tree I found that someone had set fire to the grass - and gone. The fire was moving towards another new house being built by another Iki brother.

Now the fun begins - I called my Dutch neighbour who came charging along in his 4x4. He looked and said he would go and call the 'fire brigade' (I use that term very loosely) He left and minutes later his lovely Lithuanian wife came along in her 4x4. She looked, asked if I knew whether our 'difficult neighbours' had had anything to do with it. She then drove over to their house and gave them a severe tongue lashing. (you do not want to get on the wrong side of Irina)

She came back and between us we tore off lilac branches and proceeded to put the fire out. Our neighbour then returned and said the Fire Inspector was on his way. We waited, and we waited, and we waited. Then we saw a cloud of dust coming from Rudiskes. The truck pulled up at the house of our difficult neighbours way across the fields from the fire. Irina got in her car to go and get the fireman and came back to say ---- he was drunk!!! We then saw him and the truck career off in totally the wrong direction way over the fields. Irina got back in her car and went to get him again and after 15 minutes or so came back with the fire engine behind her.

He stopped next to where the fire had been and draped himself out of the open window shouting where was Barbarra. Over and over again. My Dutch neighbour pointed to me as I walked up behind the truck (may I say that by this time, me Wim and Irina could not stop laughing - Keystone cops had nothing on this )

The driver got out, staggered to the lilac tree and broke off flowers which he presented to me at the same time as kissing my hand.

The truck was another sight to behold! A large red pickup truck with a pile of plastic hoses in the back. No sign of water!!

He was as drunk as a skunk. God help us if we ever have a real fire - good job there is a cemetery near by.

Barbara Isherwood

Category : Opinions / The world in Lithuania sidebar

China, Lithuania vow to further develop ties

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Lithuanian President Dalia Grybauskaite (R)shakes hands with He Guoqiang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC's Central Commission for Discipline Inspection, in Vilnius, capital of Lithuania, June 15, 2010.
(Xinhua/Liu Jiansheng)

BEIJING, Sept. 14 (Xinhua) -- Chinese President Hu Jintao and his Lithuanian counterpart Dalia Grybauskaite on Wednesday pledged to deepen bilateral relations between the two countries.

The two leaders made the pledge as the two leaders exchanged congratulatory messages celebrating the 20th anniversary of the establishment of diplomatic ties between the two nations.

In his congratulatory message, Hu noted that China-Lithuania relations have developed healthily and smoothly over the past 20 years. Frequent contacts between the two countries' leaders have deepened mutual understanding and trust.

Hu said Lithuania has been China's largest trade partner in the Baltic region for years with increasingly expanded cooperation in economics and trade.

Both countries have witnessed fruitful cooperation in the fields of culture, education and sports. They also maintain good communications and coordination within the United Nations and other international organizations, Hu said.

China will work with Lithuania to continuously advance and deepen their bilateral friendly and cooperative relations based on mutual respect, equality and mutual benefit, he said.

Grybauskaite said in her message that the Lithuania-China relationship has yielded significant results, particularly in their cooperation in economics and trade, culture, and sports.

She said Lithuania will deepen its mutual beneficial cooperation with China in order to benefit the two countries.

Read more at:

Category : News

Eurobasket – Germany loses to Lithuania, fails to advance

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Germany lost to Lithuania today, 84-75, ending the EuroBasket 2011 sojourn for Dirk Nowitzki and Chris Kaman. The Germans dropped to fifth place in their group, with only the top four advancing to the quarterfinals. The loss also ended the Germans' dreams of playing in the 2012 Olympics in London, and may have ended the international career of Nowitzki in the process.

The biggest blow to the German's hopes occurred an hour before tip off, when Ersan Ilyasova's last second jump shot hit the back of the rim and bounced away. Had that shot fallen, Turkey would have beaten Serbia, and Germany would have needed just a simple victory to advance to the quarterfinals. Instead, Serbia's win meant that Germany had to win by at least 11 points to move forward. Playing before a manic sell out crowd in Vilnius, against a Lithuania team that itself had to win to advance, the Germans were facing long odds.

Read the article at:

Category : News

Ooops… Mistake… In our article about the Karaims… It was Grand Duke Vytautas, not Gediminas, who brought the Karaim families to Trakai in the 1390s….

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Mindaugas Gedgaudas

I know that Lithuanians are an exceptional people - for example, it's been said that Columbus was Lithuanian - but not since Noah and Methuselah do we have much evidence of great leaders living longer than around 80 or 100 years, tops.    That Grand Duke Gediminas brought 380 Karaims to his castle in Trakai in the year 1390 or thereabouts is a rare feat, seeing that he purportedly was born in 1275 or so.    His castle in Trakai, by the way, was in the old  Trakai, and that Old Trakai Castle was destroyed in 1391 by our fine Christian neighbors from the West, while bringing love and peace to the pagan Lithuanians and additional tithes to the Pope, of course...    So, the poor Karaims, who had barely managed to settle down in the royal castle, had to move out and build their own living quarters, each house having three windows facing the street,  where they have remained to this day still following their old customs.    I just don't know if they have much of a record of Gediminas leading them from their ancient homelands to Old Trakai...

Mindaugas Gedgaudas

Category : Opinions


Have your say. Send to:

By Dr. Boris Vytautas Bakunas,
Ph. D., Chicago

A wave of unity sweeps the international Lithuanian community on March 11th every year as Lithuanians celebrated the anniversary of the Lithuanian Parliament's declaration of independence from the Soviet Union in 1990. However, the sense of national unity engendered by the celebration could be short-lived.

Human beings have a strong tendency to overgeneralize and succumb to stereotypical us-them distinctions that can shatter even the strongest bonds. We need only search the internet to find examples of divisive thinking at work:

- "50 years of Soviet rule has ruined an entire generation of Lithuanian.

- "Those who fled Lithuania during World II were cowards -- and now they come back, flaunt their wealth, and tell us 'true Lithuanians' how to live."

- "Lithuanians who work abroad have abandoned their homeland and should be deprived of their Lithuanian citizenship."

Could such stereotypical, emotionally-charged accusations be one of the main reasons why relations between Lithuania's diaspora groups and their countrymen back home have become strained?

* * *

Text: Saulene Valskyte

In Lithuania Christmas Eve is a family event and the New Year's Eve a great party with friends!
Lithuanian say "Kaip sutiksi naujus metus, taip juos ir praleisi" (the way you'll meet the new year is the way you will spend it). So everyone is trying to spend New Year's Eve with friend and have as much fun as possible.

Lithuanian New Year's traditions are very similar to those in other countries, and actually were similar since many years ago. Also, the traditional Lithuanian New Years Eve party was very similar to other big celebrations throughout the year.

The New Year's Eve table is quite similar to the Christmas Eve table, but without straws under the tablecloth, and now including meat dishes. A tradition that definitely hasn't changes is that everybody is trying not to fell asleep before midnight. It was said that if you oversleep the midnight point you will be lazy all the upcoming year. People were also trying to get up early on the first day of the new year, because waking up late also meant a very lazy and unfortunate year.

During the New Year celebration people were dancing, singing, playing games and doing magic to guess the future. People didn't drink much of alcohol, especially was that the case for women.

Here are some advices from elders:
- During the New Year, be very nice and listen to relatives - what you are during New Year Eve, you will be throughout the year.

- During to the New Year Eve, try not to fall, because if this happens, next year you will be unhappy.

- If in the start of the New Year, the first news are good - then the year will be successful. If not - the year will be problematic.

New year predictions
* If during New Year eve it's snowing - then it will be bad weather all year round. If the day is fine - one can expect good harvest.
* If New Year's night is cold and starry - look forward to a good summer!
* If the during New Year Eve trees are covered with frost - then it will be a good year. If it is wet weather on New Year's Eve, one can expect a year where many will die and dangerous epidemics occur.
* If the first day of the new year is snowy - the upcoming year will see many young people die. If the night is snowy - mostly old people will die.
* If the New Year time is cold - then Easter will be warm.
* If during New Year there are a lot of birds in your homestead - then all year around there will be many guests and the year will be fun.

* * *

* * *
Christmas greetings
from Vilnius

* * *
Ukraine won the historic
and epic battle for the
By Leonidas Donskis
Philosopher, political theorist, historian of
ideas, social analyst, and political

Immediately after Russia stepped in Syria, we understood that it is time to sum up the convoluted and long story about Ukraine and the EU - a story of pride and prejudice which has a chance to become a story of a new vision regained after self-inflicted blindness.

Ukraine was and continues to be perceived by the EU political class as a sort of grey zone with its immense potential and possibilities for the future, yet deeply embedded and trapped in No Man's Land with all of its troubled past, post-Soviet traumas, ambiguities, insecurities, corruption, social divisions, and despair. Why worry for what has yet to emerge as a new actor of world history in terms of nation-building, European identity, and deeper commitments to transparency and free market economy?

Right? Wrong. No matter how troubled Ukraine's economic and political reality could be, the country has already passed the point of no return. Even if Vladimir Putin retains his leverage of power to blackmail Ukraine and the West in terms of Ukraine's zero chances to accede to NATO due to the problems of territorial integrity, occupation and annexation of Crimea, and mayhem or a frozen conflict in the Donbas region, Ukraine will never return to Russia's zone of influence. It could be deprived of the chances to join NATO or the EU in the coming years or decades, yet there are no forces on earth to make present Ukraine part of the Eurasia project fostered by Putin.

* * *
Watch this video if you
want to learn about the
new, scary propaganda
war between Russia,
The West and the
Baltic States!

* * *
90% of all Lithuanians
believe their government
is corrupt
Lithuania is perceived to be the country with the most widespread government corruption, according to an international survey involving almost 40 countries.

* * *
Lithuanian medical
students say no to
bribes for doctors

On International Anticorruption Day, the Special Investigation Service shifted their attention to medical institutions, where citizens encounter bribery most often. Doctors blame citizens for giving bribes while patients complain that, without bribes, they won't receive proper medical attention. Campaigners against corruption say that bribery would disappear if medical institutions themselves were to take resolute actions against corruption and made an effort to take care of their patients.

* * *
Doing business in Lithuania

By Grant Arthur Gochin
California - USA

Lithuania emerged from the yoke of the Soviet Union a mere 25 years ago. Since then, Lithuania has attempted to model upon other European nations, joining NATO, Schengen, and the EU. But, has the Soviet Union left Lithuania?

During Soviet times, government was administered for the people in control, not for the local population, court decisions were decreed, they were not the administration of justice, and academia was the domain of ideologues. 25 years of freedom and openness should have put those bad experiences behind Lithuania, but that is not so.

Today, it is a matter of expectation that court pronouncements will be governed by ideological dictates. Few, if any Lithuanians expect real justice to be effected. For foreign companies, doing business in Lithuania is almost impossible in a situation where business people do not expect rule of law, so, surely Government would be a refuge of competence?

Lithuanian Government has not emerged from Soviet styles. In an attempt to devolve power, Lithuania has created a myriad of fiefdoms of power, each speaking in the name of the Government, each its own centralized power base of ideology.

* * *
Greetings from Wales!
By Anita Šovaitė-Woronycz
Chepstow, Wales

Think of a nation in northern Europe whose population is around the 3 million mark a land of song, of rivers, lakes, forests, rolling green hills, beautiful coastline a land where mushrooms grow ready for the picking, a land with a passion for preserving its ancient language and culture.

Doesn't that sound suspiciously like Lithuania? Ah, but I didn't mention the mountains of Snowdonia, which would give the game away.

I'm talking about Wales, that part of the UK which Lithuanians used to call "Valija", but later named "Velsas" (why?). Wales, the nation which has welcomed two Lithuanian heads of state to its shores - firstly Professor Vytautas Landsbergis, who has paid several visits and, more recently, President Dalia Grybauskaitė who attended the 2014 NATO summit which was held in Newport, South Wales.

* * *
Read Cassandra's article HERE

Read Rugile's article HERE

Did you know there is a comment field right after every article we publish? If you read the two above posts, you will see that they both have received many comments. Also YOU are welcome with your comments. To all our articles!
* * *

Greetings from Toronto
By Antanas Sileika,
Toronto, Canada

Toronto was a major postwar settlement centre for Lithuanian Displaced Persons, and to this day there are two Catholic parishes and one Lutheran one, as well as a Lithuanian House, retirement home, and nursing home. A new wave of immigrants has showed interest in sports.

Although Lithuanian activities have thinned over the decades as that postwar generation died out, the Lithuanian Martyrs' parish hall is crowded with many, many hundreds of visitors who come to the Lithuanian cemetery for All Souls' Day. Similarly, the Franciscan parish has standing room only for Christmas Eve mass.

Although I am firmly embedded in the literary culture of Canada, my themes are usually Lithuanian, and I'll be in Kaunas and Vilnius in mid-November 2015 to give talks about the Lithuanian translations of my novels and short stories, which I write in English.

If you have the Lithuanian language, come by to one of the talks listed in the links below. And if you don't, you can read more about my work at
* * *

As long as VilNews exists,
there is hope for the future
Professor Irena Veisaite, Chairwoman of our Honorary Council, asked us to convey her heartfelt greetings to the other Council Members and to all readers of VilNews.

"My love and best wishes to all. As long as VilNews exists, there is hope for the future,"" she writes.

Irena Veisaite means very much for our publication, and we do hereby thank her for the support and wise commitment she always shows.

You can read our interview with her
* * *
Facing a new reality

By Vygaudas Ušackas
EU Ambassador to the Russian Federation

Dear readers of VilNews,

It's great to see this online resource for people interested in Baltic affairs. I congratulate the editors. From my position as EU Ambassador to Russia, allow me to share some observations.

For a number of years, the EU and Russia had assumed the existence of a strategic partnership, based on the convergence of values, economic integration and increasingly open markets and a modernisation agenda for society.

Our agenda was positive and ambitious. We looked at Russia as a country ready to converge with "European values", a country likely to embrace both the basic principles of democratic government and a liberal concept of the world order. It was believed this would bring our relations to a new level, covering the whole spectrum of the EU's strategic relationship with Russia.

* * *

The likelihood of Putin
invading Lithuania
By Mikhail Iossel
Professor of English at Concordia University, Canada
Founding Director at Summer Literary Seminars

The likelihood of Putin's invading Lithuania or fomenting a Donbass-style counterfeit pro-Russian uprising there, at this point, in my strong opinion, is no higher than that of his attacking Portugal, say, or Ecuador. Regardless of whether he might or might not, in principle, be interested in the insane idea of expanding Russia's geographic boundaries to those of the former USSR (and I for one do not believe that has ever been his goal), he knows this would be entirely unfeasible, both in near- and long-term historical perspective, for a variety of reasons. It is not going to happen. There will be no restoration of the Soviet Union as a geopolitical entity.

* * *

Are all Lithuanian energy
problems now resolved?
By Dr. Stasys Backaitis,
P.E., CSMP, SAE Fellow Member of Central and Eastern European Coalition, Washington, D.C., USA

Lithuania's Energy Timeline - from total dependence to independence

Lithuania as a country does not have significant energy resources. Energy consuming infrastructure after WWII was small and totally supported by energy imports from Russia.

First nuclear reactor begins power generation at Ignalina in 1983, the second reactor in 1987. Iganlina generates enough electricity to cover Lithuania's needs and about 50%.for export. As, prerequisite for membership in EU, Ignalina ceases all nuclear power generation in 2009

The Klaipėda Sea terminal begins Russia's oil export operations in 1959 and imports in 1994.

Mazeikiu Nafta (current ORLEAN Lietuva) begins operation of oil refinery in 1980.

* * *

Have Lithuanian ties across
the Baltic Sea become
stronger in recent years?
By Eitvydas Bajarunas
Ambassador to Sweden

My answer to affirmative "yes". Yes, Lithuanian ties across the Baltic Sea become as never before solid in recent years. For me the biggest achievement of Lithuania in the Baltic Sea region during recent years is boosting Baltic and Nordic ties. And not because of mere accident - Nordic direction was Lithuania's strategic choice.

The two decades that have passed since regaining Lithuania's independence can be described as a "building boom". From the wreckage of a captive Soviet republic, a generation of Lithuanians have built a modern European state, and are now helping construct a Nordic-Baltic community replete with institutions intended to promote political coordination and foster a trans-Baltic regional identity. Indeed, a "Nordic-Baltic community" - I will explain later in my text the meaning of this catch-phrase.

Since the restoration of Lithuania's independence 25 years ago, we have continuously felt a strong support from Nordic countries. Nordics in particular were among the countries supporting Lithuania's and Baltic States' striving towards independence. Take example of Iceland, country which recognized Lithuania in February of 1991, well in advance of other countries. Yet another example - Swedish Ambassador was the first ambassador accredited to Lithuania in 1991. The other countries followed suit. When we restored our statehood, Nordic Countries became champions in promoting Baltic integration into Euro-Atlantic institutions. To large degree thanks Nordic Countries, massive transformations occurred in Lithuania since then, Lithuania became fully-fledged member of the EU and NATO, and we joined the Eurozone on 1 January 2015.

* * *

It's the economy, stupid *
By Valdas (Val) Samonis,

n his article, Val Samonis takes a comparative policy look at the Lithuanian economy during the period 2000-2015. He argues that the LT policy response (a radical and classical austerity) was wrong and unenlightened because it coincided with strong and continuing deflationary forces in the EU and the global economy which forces were predictable, given the right policy guidance. Also, he makes a point that LT austerity, and the resulting sharp drop in GDP and employment in LT, stimulated emigration of young people (and the related worsening of other demographics) which processes took huge dimensions thereby undercutting even the future enlightened efforts to get out of the middle-income growth trap by LT. Consequently, the country is now on the trajectory (development path) similar to that of a dog that chases its own tail. A strong effort by new generation of policymakers is badly needed to jolt the country out of that wrong trajectory and to offer the chance of escaping the middle-income growth trap via innovations.

* * *

Have you heard about the
South African "Pencil Test"?
By Karina Simonson

If you are not South African, then, probably, you haven't. It is a test performed in South Africa during the apartheid regime and was used, together with the other ways, to determine racial identity, distinguishing whites from coloureds and blacks. That repressive test was very close to Nazi implemented ways to separate Jews from Aryans. Could you now imagine a Lithuanian mother, performing it on her own child?

But that is exactly what happened to me when I came back from South Africa. I will tell you how.

* * *
Click HERE to read previous opinion letters >

VilNews e-magazine is published in Vilnius, Lithuania. Editor-in-Chief: Mr. Aage Myhre. Inquires to the
Code of Ethics: See Section 2 – about VilNewsVilNews  is not responsible for content on external links/web pages.
All content is copyrighted © 2011. UAB ‘VilNews’.

مبلمان اداری صندلی مدیریتی صندلی اداری میز اداری وبلاگدهی فروشگاه اینترنتی گن لاغری شکم بند لاغری تبلیغات کلیکی آموزش زبان انگلیسی پاراگلایدر ساخت وبلاگ بوی دهان بوی بد دهان