The Global Financial Crisis in Denmark, Finland and Sweden
DOI:
https://doi.org/10.18778/2082-4440.09.01Keywords:
financial crisis, economic crisis, comparative study, the Nordic states, development, competitivenessAbstract
This paper explores the Nordic states (Denmark, Finland and Sweden) during the global crisis in the period 2007−2012. The Nordic states have a high rate of socio- -economic growth and competitive advantage but Denmark, Finland and Sweden still experienced the global crisis. However, the global financial crisis followed different paths in these countries. As a result, the economic effects of the crisis in Denmark, Sweden and Finland were better, compared to other advanced economies of European Union. The aim of this paper is to present a comparative study of the reaction of the Nordic states to the financial crisis and the economic crisis.
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