A Knowledge Platform on Economic Productivity
Chapter 2: The view from the Baltic Sea Region
The second and third chapters, acknowledging the differences between the Baltic Sea Region and Asia, spell out key lessons from the Baltic Sea Regional experience, which are applicable in the context of Asian regions. Chapter 2 shows how Baltic Sea Region economies quickly revived the economic mystique of the Eurasian medieval silk roads, the trading union of the ‘Hanse’, with their cooperative bottom-up and consensual regional development institutions. These resurrected institutions successfully leveraged the regional drivers of productivity growth. Productivity growth was accompanied by increased economic inclusiveness (cohesion) in the region through, among others, institutional twinning programs for human capital accumulation.