The Baltic miracle? The economic crisis and its consequences for young people in the labor market of the Baltic states, 2007–2017

2019 ◽  
Vol 50 (1) ◽  
pp. 7-20 ◽  
Author(s):  
Piotr Michoń
Author(s):  
V. V. Vorotnikov

The economic crisis fueled contradictions among the parties and weakened public support of internal and external policies of the Baltic states (Lithuania, Latvia, Estonia). Natural necessity to abandon previous one-sided Euro-Atlantic foreign political and foreign economic orientation in favor of more balanced approach towards relations with Eastern neighbours (primarily with Russia) has become the issue of key importance that turned out to be a stumbling block for main political parties (ruling parties, opposition, so called ‚Russian‘ parties) in the Baltic states. The attitude to this problem became crucial during recent political crisis in Latvia, whereas in Lithuania and Estonia it led to changing rhetoric on foreign political issues by opposition parties. It is possible to nominally define the political situation in Lithuania as partisan consensus, whereas in Latvia and Estonia foreign political strategies complicated by unresolved domestic ethnic and language minorities problems are a battlegroud for ruling right-wing conservative coalitions and social-democratic oppositions. So, main social and political forces in the Baltic states faced the task to find a new consensus on foreign political issues in order to efficiently develop national economies under the conditions of financial economic turbulence in the EU and worldwide as well as to support social unity.


2012 ◽  
Vol 51 (1) ◽  
pp. 80-87
Author(s):  
Einārs Ulnicāns

The article with calculations analyses the development tendencies of gross domestic product, employment,unemployment, labour productivity and loss of unemployment in the Baltic States during 2000 - 2011. The results of thecalculations are explained in the description of these trends and their obvious and possible causes. A brief concept of thetheoretical background and the main formula for the calculation of labour productivity is provided as well. Conclusions aredrawn about the overall character of the development trends. The overall trends of economic development are similar in allthree countries. Gross domestic product, employment and labour productivity were growing until 2007. From 2008 to 2010they fell as a result of the economic crisis, but in 2011 all the indicators began rising again. Major changes in movement,including negative changes, are more frequently observed in Lithuania and Estonia. Differences between the countries appearin nuances, especially in Lithuania.


Author(s):  
Rodrigo Carillo ◽  
Thibaut Plassot

We analyze the occupation of young people in Mexico between 1992 and 2018. A decrease in the disconnection rate is observed, with an exception during the 2008-2010 crisis. Probabilistic models for the year 2018 highlight inequalities between sex, household structure or territory. The main determinants of occupational pathways are the education level of the parents, having a child, and sex. Women are less represented in the labor market than men, and having children decreases the likelihood of them working, while, for men, this rate increases. Young people who grow up under more favorable circumstances are less likely to combine work and studies. For women, living in an urban area or a wealthier household is synonymous with labor insertion and lower disconnection. For men, these characteristics are associated at a young age with a higher level of disconnection rather than work. Our results reaffirm the importance of early intervention in improving opportunities and avoiding adverse outcomes during times of economic crisis.


2010 ◽  
Vol 55 (186) ◽  
pp. 89-114 ◽  
Author(s):  
Yoji Koyama

This paper examines the causes of the economic crisis in new EU member states in Central and Eastern Europe, focusing on the Baltic States, especially Latvia. Thanks to the Single Market of the EU, workers in this country became able to migrate to advanced EU countries, especially the UK, decreasing the unemployment rate and at the same time causing a sharp increase in wages due to a tightened labour market. Banks from Nordic countries came to operate in Latvia and competed for market shares, stirring a consumption boom. In a situation in which people can easily get loans denominated in a foreign currency the monetary policies of the central bank are weakened. The Latvian economy already showed signs of overheating in 2005. However in the spring of 2007 the government turned to restrictive policies, causing a depression at the end of 2007. The Lehman shock dealt the Latvian economy its final blow. Latvia set up the introduction of the Euro in 2013 as an exit strategy. Latvia is in a dilemma: if the country does not devalue its national currency and tries to satisfy the Maastricht criteria soon, it will be obliged to adopt pro-cyclical policies, causing economic stagnation.


2021 ◽  
pp. 337-368
Author(s):  
Wendy Z. Goldman ◽  
Donald Filtzer

As the Red Army fought its way back west, it discovered a devastated land: thousands of villages burnt to the ground; Jewish civilians, along with those accused of partisan activity or Soviet sympathies, lying dead; and millions of young people sent to Germany as slave labor. Party activists were faced with reintegrating survivors and rebuilding the economy. In western Ukraine, Belorussia, and the Baltic states, nationalist guerrillas continued to fight against Soviet power. NKVD officials carried out “filtration” to identify active collaborators, and the Party and unions reviewed all members who sought reinstatement. The newly freed inhabitants were incorporated into the ration system and subject to mobilization for labor and the army. Many resisted mobilization, especially for work on distant sites, and rebuilding was complicated by nationwide shortages. The German High Command finally surrendered on May 8, 1945. People streamed into the streets to celebrate, dance, embrace, and toast the victory. Although reconstruction would continue for years, the war at last was over.


Equilibrium ◽  
2015 ◽  
Vol 10 (3) ◽  
pp. 185 ◽  
Author(s):  
Mariusz Zieliński

In the recent years, an economic crisis has appeared in most economies. It affected the labor market situation. This article refers to the changes in the labor markets of the Visegrad Group countries. The analysis concerns the relations between the economic crisis, the level and structure of unemployment (taking into account the situation of women and young people as the groups strongly exposed to unemployment), and the level and structure of expenditures within the labor market policy. The article is based on the data published by Eurostat, using the tools of descriptive statistics, and statistical indexes, in particular. The research period covers the years 2007-2012, which is dictated by the availability of comparable statistical data. An analysis of the data indicates that the economic crisis increased the economic activity of the population, which contributed to an increase in unemployment. There is no discrimination against women in the labor market, but there has been a serious increase in unemployment among young people. With the increase in unemployment, the expenditures on the total labor market policy have increased, as have those on passive labor market policies and labor market service. Expenditures on active labor market policies (ALMPs) grow relatively more slowly, which may be especially evident in the case of expenditure on training.


2017 ◽  
Vol 64 (4) ◽  
pp. 493-512 ◽  
Author(s):  
Valentinas Podvezko ◽  
Simona Kildienė ◽  
Edmundas Zavadskas

The paper describes the evaluation of the construction market performance in three Baltic States, including Estonia, Latvia, Lithuania and Poland, based on using structural statistical criteria. The evaluation covers various periods of time, embracing the time before the economic crisis, in 2007, during the economic crisis, in 2009, and after the economic crisis, in 2013. For assessing the efficiency of their construction sectors? performance, the investigated countries are arranged in the order of preference according to this indicator by using three multiple-criteria decision making methods (MCDM), such as SAW, TOPSIS and COPRAS. These evaluation methods are based on determining the weights of the structural criteria used. For this purpose, three various methods, including the entropy, the method of the criteria impact loss (CILOS) and a new method of determining the objective criteria weights (IDOCRIW) suggested by the authors. The results obtained allowed the researchers to assess the construction market performance in the considered states in various periods of time, to compare them with other countries and to rank them based on this parameter. Therefore, the suggested method of market performance evaluation may be used as an effective supplementary aid for determining the priorities in the future business development, as well as for studying the competitive markets or directing the cash flows of an enterprise to the appropriate areas.


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