International Business in Transitional and Emerging Economies: A Perspective of Latvia, Lithuania and Estonia with India

Abstract

Baltic countries, namely, Latvia, Lithuania and Estonia, the former Soviet states, are making a mark in the world economy. Like India, Baltic countries are contesting with other emerging economies to gain a share of the global market. Given this context, it is insightful to study how emerging economy firms are faring in transitional economies. The case, based upon secondary data sources, helps to comprehend the nature and extent of two-way international business between Latvia, Lithuania and Estonia with Indian firms and Indian market.