This volume represents research papers prepared in conjunction with the 4th International Conference ”Baltic Business and Socio-Economic Development“. The Conference was held in Riga at the University of Latvia from September 30 to October 2, 2008, and was organised by the Centre of European and Transition Studies at the University of Latvia and Wismar Business School at Wismar University of Technology, Business and Design, Germany. This collection of studies provides information, opinions, and research that should be of value to practitioners, academics, and students.