The Baltic Sea is increasingly emerging as a platform for smart growth in Latvia, not only as a natural resource or a geographical boundary. The Blue Synergies Forum in Liepaja showed that the blue economy – offshore wind energy, aquaculture, bioeconomy and marine technologies – can become one of the key directions where Latvia develops high added-value innovation, strengthening competitiveness, exports and regional development. At the same time, recent economic and productivity analyses remind…
The Baltic Sea is increasingly emerging as a platform for smart growth in Latvia, not only as a natural resource or a geographical boundary. The Blue Synergies Forum in Liepaja showed that the blue economy – offshore wind energy, aquaculture, bioeconomy and marine technologies – can become one of the key directions where Latvia develops high added-value innovation, strengthening competitiveness, exports and regional development. At the same time, recent economic and productivity analyses remind us that, in the long run, living standards and wage growth are closely linked to labour productivity and innovation intensity – this is why the development of the blue economy should be seen as a targeted investment in Latvia’s productivity leap. Dr…
