WWW.DIS.XLIBX.INFO
FREE ELECTRONIC LIBRARY - Thesis, dissertations, books
 
<< HOME
CONTACTS



Pages:     | 1 |   ...   | 2 | 3 ||

«Abstract This paper reviews Finland’s growth strategy in the postwar decades. Finland was able to initiate an impressive mobilization of resources ...»

-- [ Page 4 ] --

Furthermore, Finland’s success story may have been due to rather favourable but transitory circumstances. The crucial phase of state-led economic growth and the buildup of welfare services coincided with favourable demographics, so that reforms created more winners than losers. Once the demographic structure becomes less advantageous, it is less certain that there will be such a happy congruence between the demands of the market economy and the political aspirations of voters. For example, an increasing share of welfare expenditure in the future will be directed to pensions and health care for the elderly, and the implied higher tax rate may not be as easily accommodated with a need to uphold incentives for labour market participation and a high supply of working hours.

However, with respect to the third question (whether there are indirect lessons for policymakers of other countries), the answer is positive. Finland’s example offers a general message of hope for many countries affected by conflicts and poverty. Consider Finland’s history up to the Second World War: a small, backward country colonized by more powerful neighbours, torn by a violent civil war just as independence was within reach, and subsequently limited in its political manoeuvring room by the geopolitically challenging cold war environment. Yet, it was possible for the Finnish decisionmakers—the government as well as various corporatist organizations—to forge a political compromise that was deemed politically legitimate and exploited the global economy to undertake a rapid economic transformation. This could be the positive message for any aspiring, less developed country in which initial conditions seem uninspiring.

References

Amsden, A. H. (1989). Asia’s Next Giant: South Korea and Late Industrialization. New York: Oxford University Press.

Andersen, T. M., B. Holmström, S. Honkapohja, S. Korkman, H. T. Söderström, and J. Vartiainen (2007). The Nordic Model: Embracing Globalization and Sharing Risks. Helsinki: ETLA: Taloustieto.

Dow, J. (1964). The Management of the British Economy, 1945-60. Cambridge:

Cambridge University Press.

Fernandez, R., and D. Rodrik (1991). ‘Resistance to Reform: Status Quo Bias in the Presence of Individual-specific Uncertainty’. American Economic Review, 81: 1147-55.

Katzenstein, P. (1985). Small States in World Markets: Industrial Policy in Europe.

Ithaca: Cornell University Press.

Katzenstein, P. (1987).Corporatism and Change: Austria, Switzerland and the Politics of Industry. Ithaca: Cornell University Press.

Kekkonen, U. (1952). Onko Maallamme Malttia Vaurastua. Helsinki: Otava.

Kosonen, K. (1992). ‘Economic Growth’. In J. Pekkarinen, M. Pohjola and R. Rowthorn (eds), Social Corporatism. Oxford: Clarendon Press, 1978-209.

Lindbeck, A. (1975). Svensk Ekonomisk Politik. Malmö: Aldus.

Lindmark, M. and P. Vikström (2003). ‘Growth and Structural Change in Sweden and Finland, 1870-1990: A Story of Convergence’. Scandinavian Economic History Review, 51 (1): 46-74.

Lipsey, R. (1960). ‘The Relationship between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1862-1957: A Further Analysis’.

Economica, 27: 456-87.

Pekkarinen, J., and J. Vartiainen (1995). Suomen Talouspolitiikan Pitkä Linja. Helsinki:

WSOY.

Pohjola, M. (1996). Tehoton Pääoma. Helsinki: WSOY.

Rodrik, D., G. Grossman, and V. Norman (1995). ‘Getting Interventions Right: How South Korea and Taiwan Grew Rich’. Economic Policy, 10 (20): 53-107.

Thygesen, N. (1982). ‘Monetary Policy’. In A. Boltho (ed.), The European Economy— Growth and Crisis. Oxford: Oxford University Press.

Vartiainen, J. (1999). ‘The Economics of Successful State Intervention n Industrial Transformation. In M. Woo-Cumings (ed.), The Developmental State. Ithaca: Cornell University Press.

Vartiainen, J., and A. Vredin (1994). ‘The Reaction Function of Finnish Monetary Policy under the Credit Rationing Era. Finnish Economic Papers, 7 (1): 42-55.

Wade, R. (1991). Governing the Market. Princeton University Press.



Pages:     | 1 |   ...   | 2 | 3 ||


Similar works:

«J.G. HÜLSMANN • PROFESSOR OF ECONOMICS • UNIVERSITY OF ANGERS Contact Name HÜLSMANN, Jörg Guido Adress Faculté de Droit, d’Économie et de Gestion Université d’Angers 13, allée François Mitterrand 49036 Angers E-mail Guido.Hulsmann@univ-angers.fr Website guidohulsmann.com Present Appointment 2004– UNIVERSITY OF ANGERS — France Professor of Economics Teaching: Macroeconomics, Monetary and Financial Economics, Growth and Development. Previous Appointments 2000-04 LUDWIG VON...»

«Working Paper Series #2008-053 India’ Outward Foreign Direct Investments in Steel s Industry in a Chinese Comparative Perspective Nagesh Kumar and Alka Chadha United Nations University Maastricht Economic and social Research and training centre on Innovation and Technology Keizer Karelplein 19, 6211 TC Maastricht, The Netherlands Tel: (31) (43) 388 4400, Fax: (31) (43) 388 4499, e-mail: info@merit.unu.edu, URL: http://www.merit.unu.edu India’ Outward Foreign Direct Investments in Steel s...»

«A behavioural theory of the fund management firm Behaviour and Investment Actions within Fund Managers and their Markets Developing and analysing a grounded theory of fund management. 26 May 2012 John Holland, University of Glasgow, Business School, West Quadrangle, Main Building, University Avenue, Glasgow, G12 8QQ, UK, Email John.Holland@gla.ac.uk, Phone 00 44 (0) 141 330 4136 Abstract The financial crisis of 2007-09 has raised questions concerning orthodox ideas of how financial markets...»

«Museums Actively Researching Visitor Experiences and Learning (MARVEL): a methodological study Introduction Museums and similar institutions spend a great deal of time, money and effort developing exhibits that facilitate visitor learning. Learning outcomes are core business for most museums. Contemporary management practice recognises that performance is stronger when outcomes are measured, yet the typical performance measures used by museums are numeric counts of visitors, exhibitions,...»

«What’s New in the Enterprise Business Object Library for Oracle Application Integration Architecture Foundation Pack 11g Release 1 (11.1.1.5.0) May 2011 Contents What’s New in the Enterprise Business Object Library for Oracle Application Integration Architecture Foundation Pack 11g Release 1 (11.1.1.5.0) 1. Core 1.1. EBO Enhancements 1.1.1. FulfillmentOrder 1.1.2. InventoryReservation 1.1.3. Invoice 1.1.4. SalesOrder 1.1.5. ShipmentAdvice 1.1.6. ShipmentReceipt 1.1.7. ShipmentRequest 1.1.8....»

«REVISTA CIDOB D'AFERS Fundación CIDOB Calle Elisabets, 12 08001 Barcelona, España Tel. (+34) 93 302 6495 Fax. (+34) 93 302 6495 info@cidob.org INTERNACIONALS 56. Miscelánea. El efecto del auge del petróleo en Azerbaidzhán: diagnóstico y políticas. Aurèlia Mañé Estrada y Josep Lladós Masllorens Revista CIDOB d’Afers Internacionals, núm. 56, p. 71-95 El efecto del auge del petróleo en Azerbaidzhán: diagnóstico y políticas Aurèlia Mañé Estrada* Josep Lladós Masllorens**...»





 
<<  HOME   |    CONTACTS
2016 www.dis.xlibx.info - Thesis, dissertations, books

Materials of this site are available for review, all rights belong to their respective owners.
If you do not agree with the fact that your material is placed on this site, please, email us, we will within 1-2 business days delete him.