Economic Crisis and its Aftermath in the Nordic and Baltic Countries

Taylor & Francis

The Economic Crisis and its Aftermath in the Nordic and Baltic CountriesDo As We Say and Not As We Do\nAuthor(s): Hilmar Hilmarsson\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367901264, 978-0367901264\nSynopsis\nThe 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.\n\nIn 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 ch.