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Evolution Of East-West Industrial Networks. Experiences From Finnish-Estonian Business

Authors
Publisher
IMP
Publication Date
Disciplines
  • Economics
  • Political Science

Abstract

Since the collapse of the former Soviet Union the Baltic countries have started a new phase in their economic, political and social development. Consequently, new business networks have emerged between the Baltic and foreign firms. Especially Finnish firms have shown an interest in Estonian business markets and firms. This new development is partially culturally bound, and partially a necessity for the development to take place in Estonia. A network approach of business development is used as a conceptual base in the study. Through recent case studies and qualitative analysis of Finnish firms' entry, development and change processes are highlighted, paying special attention to learning and adaptation mechanisms. A processual and contextual view is thereafter used in describing and analysing specific features in the development of Finnish-Estonian business. The results of the paper emphasise the role of learning and adaptation in the fast changing East European market

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