The Finnish Great Depression of the 1990s: reconciling theory and evidence

2018 ◽  
Vol 19 (2) ◽  
Author(s):  
Tero Kuusi

Abstract This paper reconciles quantitative macroeconomic theory of the Finnish Great Depression and the empirical evidence. The main controversy is that the existing theoretical work assigns a larger role for the collapse of the trade with the Soviet Union than the empirical evidence would suggest. This paper argues that explaining the Finnish crisis warrants a model with involuntary unemployment, and that the collapse resulted mainly from increased financial constraints, not the Soviet trade collapse. While it has been argued and that a large Soviet-trade contribution would result from costly reallocation of resources away from the Soviet sector, and trade-induced income effects that hit the consumption in the domestic sector, this paper finds it hard to reconcile them with the actual evidence. The economic collapse was wide-spread, and the domestic sector collapse reflects decline in investment rather than consumption.

2009 ◽  
pp. 191-210
Author(s):  
Francesco Vietti

- This study analyses the impact of migration on the family roles in Moldova and the changing dynamics within transnational families. Following the dissolution of the Soviet Union and the economic collapse of the 1990s, hundreds of thousands of Moldovans have left their country over the past decade to seek opportunities abroad. The mass migration has become the dominant socio-economic phenomenon of the country and has prompted the redefinition of family structure and ideology.Keywords Etnography, Family, Transnationalism, Eastern Europe, RemittancesThe migration of a large number of women leads to a reorganization of the division of labour and the gender roles within the transnational family. These changes can influence communities as well as families. Taking a closer look at the transnational experience of a family in the rural context of Pîrlita, a village near the Romanian border, the study explores the migrants' consumption desires and practices as reflective not only of commodified exchange but also of affection and sentiment.Keywords Etnography, Family, Transnationalism, Eastern Europe, Remittances


Slavic Review ◽  
1966 ◽  
Vol 25 (1) ◽  
pp. 67-83
Author(s):  
Harvey L. Dyck

In May 1927 Sir Austen Chamberlain precipitated the first great international crisis of the post-Locarno period by denouncing the Anglo-Soviet trade agreement and severing Britain's diplomatic relations with the Soviet Union. Although Germany was not directly involved, the dispute nevertheless was to have a profoundly disturbing effect on German-Soviet relations. By raising the possibility of a wide-ranging diplomatic, economic, and perhaps even military confrontation between London and Moscow, it strained Germany's diplomatic system, which rested on the Locarno Pact (1925) and the Treaty of Berlin (1926). Thus it posed some fundamental questions for the German Foreign Ministry: Were the policies associated with those agreements compatible with each other only in fair weather? Did Germany have the freedom to remain neutral if the dispute should deepen? In short, was it still realistic to believe that Germany could maintain equally intimate ties with London and Moscow? Because Foreign Minister Gustav Stresemann had previously denned a balancing role as the sine qua non of Germany's international revival, the imbroglio soon led to a great debate in the Wilhelmstrasse. The issue on which it turned was, as a leading participant observed, “whether Germany's ties with Russia are worth enough to our present and future political interests so that it pays to assume the political expenses and risks involved in maintaining them.”


1977 ◽  
Vol 7 (4) ◽  
pp. 361-366
Author(s):  
Walter C. Mc Kain

Demographers in the United States as in the Soviet Union have explored the possibility that a positive association exists between the fertility of women and their longevity. Most Soviet researchers are convinced there is empirical evidence to support the hypothesis but their counterparts in the United States are less sanguine. The interrelationship between sex, fertility, good health and long life have intrigued philosophers, statisticians, physiologists and gerontologists and they have spawned a great variety of explanations.


2018 ◽  
Vol 9 (1) ◽  
pp. 49-64
Author(s):  
Zbigniew Klimiuk

The author analyzes in his paper the economic and trade relations between Germanyand the Soviet Union in the period of 1918–1944. During this period trade relations withGermany constituted a continuation of relations between Tsarist Russia and Germany beforeWorld War I. The German-Soviet Economic Agreement of October 12, 1925, formed specialconditions for the mutual trade relations between the two countries. In addition to the normalexchange of goods, German exports to the Soviet Union were based from the very beginningon a system negotiated by the Soviet Trade Mission to Berlin under which the Soviet Union wasgranted loans for financing additional orders from Germany. Trade with Soviet Union, promotedby the first credit-based operations, led to a dynamic exchange of goods, which reached itshighest point in 1931. In the early 1930s, however, Soviet imports decreased as regime assertedpower and its weakened adherence to the disarmament requirements of the Treaty of Versaillesdecreased Germany’s reliance on Soviet imports. In addition, the Nazi Party’s ascent to powerincreased tensions between Germany and the Soviet Union. In the mid-1930s, the Soviet Unionmade repeated efforts at reestablishing closer contacts with Germany. The Soviets chieflysought to repay, with raw materials, the debts which arose from earlier trade exchange, whileGermany sought to rearm, therefore both countries signed a credit agreement in 1935. The saidagreement placed at the disposal of the Soviet Union until June 30, 1937, the loans amountingto 200 million Reichsmarks, to be repaid in the period 1940–1943. The Soviet Union used183 million Reichsmarks from this credit. The preceding credit operations were, in principle,liquidated. Economic reconciliation was hampered by political tensions after the Anschluss inmid-1938 and Hitler’s increasing hesitance to deal with the Soviet Union. However, a new periodin the development of Soviet–German economic relations began after the Ribbetrop–MolotovAgreement, which was concluded in August of 1939.


2000 ◽  
Vol 23 ◽  
pp. 31-52 ◽  
Author(s):  
Cem Emrence

In the 1920s, Turkey was hard-pressed with difficulties on both the international and the domestic levels. The fledgling republic was isolated in international affairs, other than its friendship with the Soviet Union (Gürün 1991, pp. 103-32), and its borders were still far from being consolidated (Psomiades 1962, pp. 112-35; Newman 1927, pp. 81-83, 173-77). The Kurdish rebellions in the east, the top-down modernization efforts of the nationalists, and the ongoing settlement problems of many Turkish-Muslim immigrants who came from Greece through a population exchange, created uncertainty and instability within the country (Zürcher 1993, pp. 173-82).


1964 ◽  
Vol 17 ◽  
pp. 174-191
Author(s):  
Feng-Hwa Mah

The development of the ideological controversy between Communist China and the Soviet Union in recent years has aroused increased interest in a more careful evaluation of Sino-Soviet economic relations. In this paper, I attempt to deal with one specific aspect of this broad area, that is the price problem in Sino-Soviet trade.


1973 ◽  
Vol 67 (5) ◽  
pp. 188-190
Author(s):  
James Mitchell

I have been asked to comment on the US-Soviet trade agreement and the negotiations leading up to it. Negotiations began in December 1971, when Secretary of Commerce Stans made the first ministerial level contacts with the Soviet Union on trade and commercial matters. Soviet Foreign Trade Minister Patolichev returned the visit in May 1972, meeting with Stans’ successor, Peter Peterson. They got down to specifics on what each side wanted on trade matters. Then came the Summit Meeting and the adoption of “Basic Principles” of US-Soviet relations. In principle number seven, the two countries pledged that they would actively promote the growth of economic and commercial ties. The also agreed to establish a Joint Commercial Commission.


1998 ◽  
Vol 58 (4) ◽  
pp. 1027-1031 ◽  
Author(s):  
Holland Hunter

The articles by Harrison and Allen that follow deal with a major episode in economic history, one that offers both rich empirical evidence and challenging theoretic problems. It is now possible to conduct an economic post mortem on seven turbulent decades in the experience of the very large economy that made up the Soviet Union, and these articles examine some key operational issues lying at the heart of that experience. Readers will find the best introduction to these issues in Paul Gregory's masterly monograph, Before Command. My task here is limited to identifying the context for the intellectual action on the stage.


Slavic Review ◽  
1984 ◽  
Vol 43 (3) ◽  
pp. 399-412
Author(s):  
Alan Ball

Few official changes of course in the Soviet Union have been as dramatic as the adoption of the New Economic Policy (NEP) in 1921. Supplanting what had come to be called War Communism (1918-1920)—a boiling mixture of revolutionary euphoria, bitter civil war, foreign intervention, economic collapse, and growing peasant unrest—NEP represented a new departure in many areas of Soviet life. First and foremost, eyewitnesses were struck by the legalization of a considerable amount of private economic activity, in contrast to the harsh measures adopted by the Bolsheviks against the private sector during War Communism.While this change seemed an improvement to most foreigners on the scene (and undoubtedly to most Russians), revolutionaries of diverse hues regarded the legalization of private trade in 1921 as a clear signal that the Bolsheviks had jettisoned the ideals of the Revolution.


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