| Description |
1 online resource |
| Series |
Routledge Studies in the European Economy |
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Routledge studies in the European economy.
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| Contents |
Introduction : the Baltics and the political economy of austerity / Jeffrey Sommers and Charles Woolfson -- 1. Austerity, internal devaluation, and social (in)security in Latvia / Jeffrey Sommers -- 2. Stockholm syndrome in the Baltics: Latvia's neoliberal war against labor and industry / Michael Hudson -- 3. Failed and asymmetrical integration : the Baltics and the non-financial origins of the European crisis / Erik Reinert and Rainer Kattel -- 4. The Lithuanian labor market under the impact of crisis : the formation of the new austeriat / Arunas Juska and Charles Woolfson -- 5. Balancing between exit, voice, and loyalty : labor market policy choices in Estonia / Markku Sippola -- Conclusion : the neoliberal Baltic austerity model against Social Europe / Charles Woolfson and Jeffrey Sommers -- Postscript : a very Baltic tragedy, the collapse of the Maxima supermarket in Riga, Latvia / Charles Woolfson and Arunas Juska |
| Summary |
The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for 'models' for recovery. The advocates of austerity present the Baltic States as countries that through discipline and sacrifice showed the way out of crisis. They have proposed the 'Baltic model' of radical public sector cuts, wage reductions, labor market reforms and reductions in living standards for other troubled Eurozone countries to emulate. Yet, the reality of the Baltic 'austerity fix' has been neither fully accepted by its peoples, nor is it fully a success. This book explains why and what are the real social and economic costs of the Baltic austerity model |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Neoliberalism -- Baltic States
|
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BUSINESS & ECONOMICS -- Economics -- General.
|
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BUSINESS & ECONOMICS -- Reference.
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Economic history.
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Economic policy.
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Neoliberalism.
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Social conditions
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| SUBJECT |
Baltic States -- Economic policy
|
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Baltic States -- Economic conditions -- 21st century
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Baltic States -- Social conditions -- 21st century
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| Subject |
Baltic States.
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| Form |
Electronic book
|
| Author |
Sommers, Jeffrey William
|
|
Woolfson, Charles, 1946-
|
| ISBN |
9781317800149 |
|
1317800141 |
|
9781315812977 |
|
1315812975 |
|
130670801X |
|
9781306708012 |
|
9781317800156 |
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131780015X |
|
