Latgale is a land of business opportunities – with downsides, but also with clear advantages. A conversation with an economist
The article discusses the economic differences between Latgale and the rest of Latvia through an interview with economist Pēteris Strautiņš.
In an interview with economist Pēteris Strautiņš, the article highlights the distinct economic conditions of Latgale compared to other regions of Latvia. Strautiņš points out that Latvia can be seen as three separate entities based on economic indicators: Riga and its surroundings, Latgale, and the rest of the country. He explains that this dichotomy is evident when evaluating income levels, unemployment rates, and the economic structure, where Riga primarily engages in services while Latgale's economy is more focused on goods production and export.
The discussion also delves into the personal experiences of Strautiņš in Latgale, where he has spent considerable time engaged in nature research, ornithology, fishing, and photography. His explorations in regions like the surroundings of Lake Rāzna and along the bends of the Daugava River highlight the natural beauty and resources of Latgale. Despite its challenges, the economic potential and sociocultural aspects of Latgale are emphasized as important elements that contribute to the region's identity.
This conversation underscores the need to recognize Latgale's unique position within Latvia. While it faces various economic obstacles, such as higher unemployment rates and lower income levels, it also possesses valuable resources and opportunities for development, prompting a call for increased attention and investment in the region. The implications of this discourse are significant for policymakers, stakeholders, and potential investors looking to foster economic growth in Latgale.