modernizavimas
Modernizavimas is the process by which a society, economy, or organization adopts new technologies, institutions, and practices to improve efficiency, competitiveness, and resilience in the face of changing conditions. It covers changes in industry, infrastructure, governance, education, and social norms, as well as movements toward sustainability and digitalization.
Practically, modernizavimas involves investment in physical infrastructure (roads, energy, communications), reforms of institutions and regulatory frameworks,
Historically, modernization has occurred in waves: early industrialization and mechanization; postwar attempts at catch-up development and
Impacts are varied. When successful, modernizavimas can raise productivity, living standards, and access to services, while
In the Baltic states and other transitioning economies, modernization has emphasized rapid digitization, energy transition, and