THE TRANSFORMATION OF THE ENTERPRISE SECTOR IN ESTONIA - A HISTORICAL APPROACH TO A CONTEMPORARY TRANSITION

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Abstract
This article analyses the transition of the Estonian enterprise sector in the twentieth century. The starting shot was first fired for the transformation of the Estonian enterprise sector when the country gained its independence from the Russian Empire in 1918. The independence was followed by a 20-year-long transformation of the enterprise sector, which was, however, ended by the Estonian annexation to the Soviet Union in 1939. The incorporation of Estonia to the Soviet Union signified the beginning of a completely reverse transformation. The third important period of transformation in the Estonian enterprise sector began at the end of 1991 when Estonia separated from the disintegrating Soviet Union. The purpose of this article is to describe these periods mentioned above and draw a summarized comparison between the first and the present transformation. Integrating a historical approach to this contemporary transformation may facilitate in comprehending the present trends of development and even predict the future.

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