Abstract
Thanks to achieved productive collaboration of the highest level government institutions with the academic community experts, a national strategic planning system is shaping that is very significant for further development of Latvia. General principles of the system have been approved by the Law on Development Planning System. The conceptual document A Growth Model for Latvia: People First defines a knowledge‐based human‐centred development scenario. The National Development Plan has been approved as a mid‐term programme for implementation of the Model. To monitor progress towards the goal an integrated quantified quality of life index was developed; the index includes priorities essential for Latvia's population and it is based on objective statistical data. Polycentric development and strong cooperation in the Baltic Sea Region are priorities among strategic tasks that have been outlined to realize the growth. But the current two‐faced EU model cannot be evaluated as the most optimum and beneficial for development of Latvia as well as other EU Member States.
Highlights
Disintegration of the socialist system in the early 1990s was accompanied by the decline of economic and social indicators in all countries of Central and Eastern Europe
A strategic planning system is formed in Latvia, which is very much substantial for further development of the country, which accents the general growth trend and minimizes the major braking factors – uncertainties and risks that relate to coordination, continuity and sustainability of development processes
The Saeima; according to its functions a special Subcommittee on Monitoring the Implementation of the National Development Plan was created and experts were involved in its activities; actions of the subcommittee are much more spacious, really it is an analogue of the Committee for the Future of the Parliament of Finland;
Summary
Disintegration of the socialist system in the early 1990s was accompanied by the decline of economic and social indicators in all countries of Central and Eastern Europe. Stable and swift growth has begun since 1995, confident ascent of Latvia in the global rankings is very indicative (Fig. 1) (UNDP 2005). Slowdown of the progress clearly shows the urgent necessity of timely preventive activities to ensure further sustainable growth. Even the most decent measures and activities, which are not well-coordinated and are without common advancement, will not provide country for stable long-term growth and global competitiveness. A strategic planning system is formed in Latvia, which is very much substantial for further development of the country, which accents the general growth trend and minimizes the major braking factors – uncertainties and risks that relate to coordination, continuity and sustainability of development processes
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