This paper reviews the macroeconomic performance of the so called Nordic welfare states, especially in terms of growth and employment. In the post-war years the Nordic economies enjoyed rapid growth and full employment. At the same time, under the rule of Social Democratic governments they also...

This paper summarizes the economic performance of Finland in 1995?2004 and compares the actual developments to the projections made prior to the EU membership. The paper also assesses the impacts of the structural changes induced by the membership. The most pronounced impact of EU membership was...

In the 1990's, economic conditions have become substantially better in South America. Many countries in the region have opened their trade policies and privatized their economies. The prospects for growth during the next decade appear encouraging. This, however, will require national and foreign...