THE VOICE OF INTERNATIONAL LITHUANIA
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By Val Samonis
RE: Lithuania has been having a difficult time setting an investment climate.
Mrs. Narusiene is right. Who wants to invest in a smallish (and getting smaller) country largely run by the former communist nomenklatura in the last close to two decades since Independence. Despite its glorious history, LT still has a bad image problem globally, largely due to the 1992 return of former Bolsheviks to power. Younger generations see that older folks have been voting for communists, so now we have a historically highest emigration - young people "vote with their feet"! Who would want to invest in a country that does not believe in itself; who does not correct its mistakes swiftly?
Fresh winds of new confidence based on young people and new leaders are badly needed: a catch 22 situation.
* Catch 22:
http://en.wikipedia.org/wiki/Catch-22
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