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  7. The Economic Crisis and Its Aftermath in the Nordic and Baltic Countries

The Economic Crisis and Its Aftermath in the Nordic and Baltic Countries

Do as We Say and Not as We Do

Hilmar Hilmarsson
Livre relié | Anglais | Europa Economic Perspectives
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Description

The Nordic-Baltic region has become highly integrated. The Nordic countries have been successful in balancing competitiveness and economic growth with social inclusiveness, while the Baltic States have grown economically but remain vulnerable with weak social systems and highly unequal income distribution. European Union (EU) membership and inter-linkages with the continental Nordic banking systems appear to have affected the 2008/09 crisis response of the Baltic States.

In spite of their strengths, including their social systems, continental Nordic states are faced with a challenging mix of large, cross-border banks and highly indebted households at a time of rather weak global growth. The Baltic States are challenged by slow economic growth post-crisis, security concerns, and large-scale outward migration of the youngest and most highly educated people.

It is now a decade since the Baltic States were hit by the global crisis. It is time to take stock of their progress and assess their relations with other countries in the region and with the EU. This book focuses on the Baltics and their Nordic partners pre- and post-crisis: successes, failures, lessons learned, and future challenges, examining and comparing the crisis response of these various small states that enjoy different income levels, operate different welfare and tax systems, and seek different levels of integration with the EU.

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Editeur:

Contenu

Nombre de pages :
236
Langue:
Anglais
Collection :

Caractéristiques

EAN:
9781857439649
Date de parution :
19-09-18
Format:
Livre relié
Format numérique:
Genaaid
Dimensions :
156 mm x 233 mm
Poids :
452 g

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