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Why has Viimsi become the wealthiest community in post‐socialist Estonia? Explaining one small community's success in a changing world

Why has Viimsi become the wealthiest community in post‐socialist Estonia? Explaining one small... Purpose – The purpose of this paper is to present a qualitative study of economic development attempts to uncover the critical factors behind the recent economic rise of Viimsi, Estonia, to that of the wealthiest community in the country. Design/methodology/approach – The roles of and interactions among various community stakeholder groups are explored through two sets of resident surveys. From these surveys, and a rich set of secondary material, a narrative emerges as to the factors behind Viimsi's success since 1991, when Estonia regained its independence from the former Soviet Union and its system of economic central planning. Findings – It was found that among the key components explaining why Viimsi has become the wealthiest community in Estonia are its extraordinary openness in embracing the market system, combined with a consensus‐based plan among community stakeholders on balanced development, a dependable government, and a level of solidarity among fellow residents in facing change. Originality/value – This paper describes one small community's experience in the global world, and offers observations on successful strategies for a community navigating in it. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Development Issues Emerald Publishing

Why has Viimsi become the wealthiest community in post‐socialist Estonia? Explaining one small community's success in a changing world

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Publisher
Emerald Publishing
Copyright
Copyright © 2010 Emerald Group Publishing Limited. All rights reserved.
ISSN
1446-8956
DOI
10.1108/14468951011062345
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to present a qualitative study of economic development attempts to uncover the critical factors behind the recent economic rise of Viimsi, Estonia, to that of the wealthiest community in the country. Design/methodology/approach – The roles of and interactions among various community stakeholder groups are explored through two sets of resident surveys. From these surveys, and a rich set of secondary material, a narrative emerges as to the factors behind Viimsi's success since 1991, when Estonia regained its independence from the former Soviet Union and its system of economic central planning. Findings – It was found that among the key components explaining why Viimsi has become the wealthiest community in Estonia are its extraordinary openness in embracing the market system, combined with a consensus‐based plan among community stakeholders on balanced development, a dependable government, and a level of solidarity among fellow residents in facing change. Originality/value – This paper describes one small community's experience in the global world, and offers observations on successful strategies for a community navigating in it.

Journal

International Journal of Development IssuesEmerald Publishing

Published: Jul 6, 2010

Keywords: Economic development; Entrepreneurialism; Estonia; Globalization; Market system

References

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