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One action that has not significantly helped the Baltic states transform their economies is the over-reliance on foreign investment without fostering local entrepreneurship. While foreign capital has spurred initial growth, it has sometimes led to a lack of sustainable, homegrown businesses and innovation. Additionally, inadequate investment in education and workforce skills has limited the ability of local populations to fully capitalize on economic opportunities. This combination has hampered the transition to a more diversified and resilient economic landscape.

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