Evaluation of the Baltic airport economic development under the conditions of economic globalization

Abstract

Changes in airport economic development and globalization are becoming central to the overall economic and infrastructure development of the country and its assessment. Airport brands contribute to countries’ GDP. This paper analyzes the level of globalization of the Baltic economy. There are three major international airports in the Baltic States – Riga, Vilnius and Tallinn. In the context of globalization, the problem of the airport economic sector is adapting to rapid changes and changing conditions. External factors affecting the development of the airport economic sector are described. New authors “and institutions” approaches to economic development and globalization are explored. Implications for airport development processes are analyzed. The impact of globalization on the development of the airport economic sector is discussed.