Browse

The purpose of this study was to estimate Lithuania’s and EU-15 countries group real GDP per capita growth rates and to evaluate possible convergence scenarios. The real GDP per capita (in purchasing power standards) data for EU-15 and Lithuania for a period of 2005-2016 were employed to establish comparative average annual GDP per capita growth rates. Three possible convergence scenarios were analyzed: “As it Were”, i.e. if the average annual growth rates remain at the current levels, “Speeding Up”, i.e. if the c...

The article deals with the differential trends in the social and economic regional development in the context of globalization. The authors believe that important factors of regional development today are innovation resource areas, their institutional environment, political regimes and regional policy, and geographical and socio-demographic factors. Globalization processes have an impact on the level of state differentiation. Some countries will follow global trends whereas others can lag behind. Trends are contro...