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The Economic Crisis and its Aftermath in the Nordic and Baltic Countries: Do As We Say and Not As We Do

Posted By: arundhati
Date: 6 May 2022 04:42:35
The Economic Crisis and its Aftermath in the Nordic and Baltic Countries: Do As We Say and Not As We Do

Hilmar Þór Hilmarsson, "The Economic Crisis and its Aftermath in the Nordic and Baltic Countries: Do As We Say and Not As We Do "
English | ISBN: 1857439643 | 2018 | 236 pages | EPUB | 5 MB

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.
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