Latvia and the USA: Into the next centenary

Today, around the centenary of diplomatic relations between Latvia and the USA, economic relations in its classical meaning between Latvia and the USA are not at a globally or regionally significant level for both parties. But surely the lion’s share of everything else — including socioeconomic governance principles — is, which undoubtedly has had and still has a compelling impact on economics and related areas as well. In this chapter, we’ll explore the evolution of economic relations and cooperation between Latvia and the USA, and more particularly the
evolution of socio-economic governance thought and the application thereof, which, as we shall see, may not have a significant impact on economic quantifiables, but has definitely ensured the principally common and always aligned path of progress of the two countries in both their bilateral relations and in their coordinated approach to global challenges and economic opportunities. The chapter is concluded by a few forward-looking perceptions continuing these topicalities, and some hypotheses will be highlighted for the possible further evolution of socio-economic governance and cooperation in a wider spectrum.