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In this chapter, we have presented four case studies of the firms which are operating in the medium complete adapting countries. The four cases are Arvidsson Textile Share Company in Estonia, Partec Rockwool in Lithuania, Accel Share Company in Lithuania and Ragn-Sells in Estonia. The case studies are prepared following the structure of the theoretical framework applied in this book. We have found out that the performance of Arvidsson Textile Share Company is successful as it matches the expectations if the partners and it has remained to be more or less the same since its establishment. The performance of Partec Rockwool was also successful from the very beginning until it was replaced by the fully owned firm. Accel Share Company's operations in Lithuania was successful from the very beginning as it found the right people with the right competence in the local market. In the case of Ragn-Sells in Estonia, the alliance was successful but not up to the full expectation.

The chapter shows how globalization and the IFRSs have affected the development of financial accounting and reporting in Estonia. This is interpreted through institutional theory.

The theoretical framework takes into account the prior papers published using institutional theory for defining pressures affecting the development of financial reporting model. The discussion part is presented in three sub-sections. Coercive institutional pressure is analyzed using Estonian accounting legislation from 1990–2012 and normative pressure by focusing on the impact of Big 4 audit companies in the Estonian context. The authors also give an overview of mimetic institutional pressures. As a methodological technique literature review and document analysis are used.

In the context of coercive institutional pressure the development of accounting legislation in Estonia has been mostly influenced by the IFRSs and European Union. In the light of recent events it seems that Estonia has the opportunity to follow its own way deciding which accounting principles should be applied to SMEs. Mimetic institutional pressure affecting Estonian accounting system is International Accounting Standards Board (IASB), which practices Estonian Accounting Standards Board (EASB) copies. Normative institutional pressures influencing the development of the Estonian accounting system are the Big 4 audit firms.

Although using institutional theory to interpret the development of financial reporting framework is not new its application is underexplored in the context of post-Soviet countries such as Estonia. The chapter potentially contributes to the accounting reforms evidence in emerging economies.

This chapter offers a survey of education development in the Baltic region and the dynamics of global forces in the three Baltic states’ contexts. First, a brief overview of the incoming new-liberal global trend that impacted the education in the Post-Socialist European region will be provided, followed by a discussion of similarities and differences in the development of education in Baltic states as co-shaped by contextual contours of the post-socialist region at whole. It shows that the contextual social and cultural realities of Estonia-Latvia-Lithuania not only have a powerful mediating role on the impact of global forces but are in their own right an agency in shaping the education response of Post-socialist societies of this region. Second, the knowledge of the interrelationship between education and societal cultural contexts in the Baltic region will be explained, stressing the lack of research on informal settlements or the informal economy and its intersection with education. The International Comparative Education research agenda will not only be of significance for the Baltic states but to the entire world. Many aspects of the contextual architecture of the region are becoming increasingly evident world-wide tending the neo-liberalism in education as distinct from liberalism insofar as it does not advocate market-economic policy but instead is highly constructivist and approve a strong state to bring reforms in every aspect of society transforming the education and teaching labor market.

A growing number of countries have developed Teacher Professional Standards that describe how effective teaching is conceptualized and demonstrated. This article describes how initial teacher education and continuous professional development (CPD) is organized in Estonia, and what role professional standards have in the Estonian context. We demonstrate how the Estonian decentralized preservice teacher education and CPD system supports high quality and flexible teacher professional development throughout their careers. We will also pinpoint the biggest challenges that are currently experienced in Estonia regarding teacher education and professional development. Drawing on the international experiences, we will also discuss how Teacher Professional Standards could be further developed in Estonia to better serve as a guide for both initial teacher education and continuous professional development.

At a time when migration policy has moved to the centre of national and European policy agendas, the three Baltic states are taking their first steps towards building a cohesive policy response to emigration. This is especially important in the wake of the global financial crisis, which generated an increased outflow from the Baltic states.

The Baltic states are facing variety of challenges in part caused by this movement of mainly working-age men and women: demographic issues related to an ageing society, labour market challenges and social security system sustainability. Within this context, the discussion of human resource losses is growing in the public sphere in the Baltic states.

Based on interviews with experts in labour and migration in Estonia, Latvia and Lithuania and a review of key national policy documents, this article analyses the commonalities among and differences between these three countries’ national responses.

Despite some variations in the characteristics and extent of emigration from the three countries, the interviewed experts agree that the European Union’s policy of free mobility is socially and economically problematic. As the interviews indicate, there have been strong calls in Latvia and Lithuania for a more cohesive intra-European migration management policy to address current imbalances between EU member states and ensure that the loss of human resources in sending countries is accounted for in the recruitment policies of receiving countries. On another hand, Estonia experiences more circular movement patterns and demonstrates a rather liberal view towards migration issues, seeing a virtue in the (regional) open market.

The Finno-Ugric identity, originally formulated by 19th century academics and nurtured as part of national-identity movements, has revived since the collapse of the Soviet Union (1991). This chapter explores the transnational vitality of the Finno-Ugric identity for Estonians in the post-Soviet era. In particular, I ask, “How has the Finno-Urgic identity remained meaningful in the contemporary geopolitical context?” I draw on Schiffman's (2006) “linguistic culture” framework to understand the renewed relevance of the Finno-Ugric identity. I argue that the identity's continuing significance and renewed vitality stems from the new meanings that Finno-Ugric culture has taken on in the particular post-Soviet geopolitical context. I examine the key role of Finno-Ugric identity in Estonian efforts to sustain lesser-used-language (LUL) instruction domestically and to support its development internationally. By analyzing Estonia's varied experiences with LUL advocacy and development, I explore how Finno-Ugric linguistic culture functions as a rich resource in developing Estonian national identity, in making statements of ethnic solidarity, and in providing new methods for language revitalization.

Purpose — The chapter assesses the linkages between unreported economic activities and different individualistic and non-individualistic motives as perceived by firm management.Design/methodology/approach — The empirical research is based on a survey of the management of firms operating in the Baltic States. The survey contains information on the perceived extent of unreported activities and on a large number of firm-, sector-, and country-specific factors. A principal component analysis identifies clusters of motives for unreported activity. Regression analyses ascertain the importance of motives individually and as principal components on the extent of unreported activities.Findings — Both individualistic and non-individualistic motives are important for the prevalence of unreported activities. The individualist motives refer to the management being solely profit-oriented and self-interested. Among possible non-individualist motives, measures of government performance and perceptions of reciprocity towards the government appear to play important roles for the extent of unreported activities, but broader societal norms may also play a role.Research limitations/implications — The study considers the perceptions that managers have of unreported activities and other features. These perceptions are subjective and subject to substantial uncertainty. All results should be interpreted in light of the subjective nature of the survey answers.Social implications — Taken literally, the results suggest that stronger government performance is associated with a reduction in unreported activities, at least as perceived by the management. Broader societal developments may also be of importance.Originality/value — The inclusion of variables capturing individualistic as well as non-individualistic motives gives a comprehensive picture of factors behind unreported activities. We employ principal component analysis which allows us to cluster individual survey answers and to produce composite measures of different explanatory factors.

Purpose – Chapter 3 analyses if Russia's current problems in agriculture, particularly the slow growth of labour productivity are due primarily to the weak property rights of shareholders stemming from the privatisation and therefore attributed to Russia's failure to implement the family farm project as supposed by the World Bank and many other international institution.

Methodology – To compare the development of labour productivity and farm structure in Russia and the Baltic countries after decollectivisation.

Findings – The comparisons show that the outcomes in Latvia and Lithuania are not in fact any better than in Russia, even though large-scale farms here have largely been replaced by individual farms. They also show that the most likely explanation for the extremely poor results in Lithuania lies in the overly strong property rights of shareholders. Estonia's success compared to Russia's failure cannot be explained away by stronger property rights or family farming, but the reasons lie in the country's more successful application of Soviet farming traditions, the capability of the middle class of former Soviet farms to maintain and modernise large-scale production in capitalist conditions.

Originality/value of chapter – It calls into question one of the basic interpretations presented by World Bank, IMF, OECD and EBRD.

All three Baltic countries – Estonia, Latvia, and Lithuania – share common features, similar history, and took similar steps to establish an external evaluation of their science base. Even though the three countries have similarities in terms of their geography, size, economic structure, development and demography, they demonstrate differences, for example Estonia is often considered to be ahead of Latvia and Lithuania in terms of the economy and development. So, do the Baltic countries share similarities or differences from the point of research management and administration?