Social economic risk analysis of Lithuania in the context of European Union countries
Social economic risk factors of country risk assessment of Lithuania have been analysed in the article. Recent economic downturn caused and sharpened a number of economic and social problems. Poor economic recovery, high rate of unemployment, social and economic inequality, not flexible and dynamic...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Vilnius University Press
2014-07-01
|
| Series: | Buhalterinės Apskaitos Teorija ir Praktika |
| Subjects: | |
| Online Access: | http://www.zurnalai.vu.lt/BATP/article/view/13115 |
| _version_ | 1819020969872719872 |
|---|---|
| author | Artūras Jurgelevičius |
| author_facet | Artūras Jurgelevičius |
| author_sort | Artūras Jurgelevičius |
| collection | DOAJ |
| description | Social economic risk factors of country risk assessment of Lithuania have been analysed in the article. Recent economic downturn caused and sharpened a number of economic and social problems. Poor economic recovery, high rate of unemployment, social and economic inequality, not flexible and dynamic structure of industry might be considered as factors which will limit the economic growth and prosperity in the country for upcoming decade. Analysis has suggested that Lithuania has reached 72% of European Union economic level. In order to achieve the average of European Union’s countries economic level Lithuania has to gain more than 4% of growth of GDP rate annually. In the context of regional deep recession or country’s dependency on European market, it seems impossible to achieve this goal in 2030 if other variables have not change. Analysis of Lithuanian industry and export structure suggested that Lithuania mainly produce low value added goods and this has not changed for the last decade. It was identified that Lithuania is experiencing high level of social exclusion which negatively affect the development of the country. Social economic trends might do high pressure on state budget demanding increase taxes tariffs and expand tax base in the country. |
| first_indexed | 2024-12-21T03:59:39Z |
| format | Article |
| id | doaj.art-9dada315c50449de890eea7a42a4c3ee |
| institution | Directory Open Access Journal |
| issn | 1822-8682 2538-8762 |
| language | English |
| last_indexed | 2024-12-21T03:59:39Z |
| publishDate | 2014-07-01 |
| publisher | Vilnius University Press |
| record_format | Article |
| series | Buhalterinės Apskaitos Teorija ir Praktika |
| spelling | doaj.art-9dada315c50449de890eea7a42a4c3ee2022-12-21T19:16:45ZengVilnius University PressBuhalterinės Apskaitos Teorija ir Praktika1822-86822538-87622014-07-0115A10.15388/batp.2014.15A.9Social economic risk analysis of Lithuania in the context of European Union countriesArtūras Jurgelevičius0Vilnius Cooperative College, LithuaniaSocial economic risk factors of country risk assessment of Lithuania have been analysed in the article. Recent economic downturn caused and sharpened a number of economic and social problems. Poor economic recovery, high rate of unemployment, social and economic inequality, not flexible and dynamic structure of industry might be considered as factors which will limit the economic growth and prosperity in the country for upcoming decade. Analysis has suggested that Lithuania has reached 72% of European Union economic level. In order to achieve the average of European Union’s countries economic level Lithuania has to gain more than 4% of growth of GDP rate annually. In the context of regional deep recession or country’s dependency on European market, it seems impossible to achieve this goal in 2030 if other variables have not change. Analysis of Lithuanian industry and export structure suggested that Lithuania mainly produce low value added goods and this has not changed for the last decade. It was identified that Lithuania is experiencing high level of social exclusion which negatively affect the development of the country. Social economic trends might do high pressure on state budget demanding increase taxes tariffs and expand tax base in the country.http://www.zurnalai.vu.lt/BATP/article/view/13115Lithuania's social economic riskeconomic growth |
| spellingShingle | Artūras Jurgelevičius Social economic risk analysis of Lithuania in the context of European Union countries Buhalterinės Apskaitos Teorija ir Praktika Lithuania's social economic risk economic growth |
| title | Social economic risk analysis of Lithuania in the context of European Union countries |
| title_full | Social economic risk analysis of Lithuania in the context of European Union countries |
| title_fullStr | Social economic risk analysis of Lithuania in the context of European Union countries |
| title_full_unstemmed | Social economic risk analysis of Lithuania in the context of European Union countries |
| title_short | Social economic risk analysis of Lithuania in the context of European Union countries |
| title_sort | social economic risk analysis of lithuania in the context of european union countries |
| topic | Lithuania's social economic risk economic growth |
| url | http://www.zurnalai.vu.lt/BATP/article/view/13115 |
| work_keys_str_mv | AT arturasjurgelevicius socialeconomicriskanalysisoflithuaniainthecontextofeuropeanunioncountries |