Dr. Adomas Klimantas, an economist known for discussing Lithuania’s golden age, completed his doctoral dissertation, “Economic Growth in the Baltic States since 1913: From Capitalism to Socialism and Back”, at the University of Oxford. In a report prepared for the LŪŽIO TAŠKAS/TIPPING POINT conference, he will examine how a distinctive, relatively liberal economic model developed in Lithuania, characterised by limited redistribution, favourable conditions for business and investment, and underlying income inequality. Why has there been no serious opposition to this model so far? What results has it produced? What signs of decline are there, and what does the future hold? Is it time for Scandinavian welfare reforms in Lithuania, or is this perhaps the worst possible time for them since the 1990s?