ASSET-BASED POLICY: A NEW MEASURE TO REDUCE POVERTY AND INEQUALITY IN BALTIC STATES

The article seeks to establish whether asset-based policy would be useful inBaltic states. A brief outlook of current social situation in Baltic states is made and thesocial policy in place is evaluated. Then, a new direction for social policy - Asset-Based Policy is presented. Various asset-based policy models implemented in othercountries are overviewed and compared. Taking into consideration identified benefits,inefficiency of current social policy, economic crisis and austere fiscal policy it isstated that the asset-based policy should be implemented in Baltic states.