Insights into economic development peculiarities of differently developed countries: a case study of Lithuania and Norway

Abstract

The paper tackles comparison issues of differently developed countries. Conventionally, countries with certain indicated similarities, e.g. level of development, size, resource endowment or other, are being juxtaposed. We raise a task to measure selected aspects of two differently developed countries, specifically Lithuania and Norway. The countries are considered representatives of the Baltic States and Nordic countries. The aim of such comparison is two-fold: the first, to show the complexity of such comparison, and the second, to introduce to a broader audience a project - The Economic Integration of the Nordic-Baltic Region Through Labour, Innovation, Investments and Trade (LIFT), Project contract with the Research Council of Lithuania (LMT) No is S-BMT-21-7 (LT08-2-LMT-K-01-070), Iceland, Liechtenstein and Norway grants https://eeagrants.org/, which is recently under implementation. The formulated insights will trigger the launch of new similar projects, facilitating the cooperation of differently developed countries and leading to mutual benefits.