This essay explores how the Baltic republics responded to the crisis of 2008-2011. We argue that while there are significant differences in how the Baltic economies responded to the crisis, these responses not only remain within the neo-liberal policy paradigm characteristic of the region from the early 1990s, but that the crisis radicalised Baltic economies and particularly their fiscal stance. We show that there are a number of unique features in all three Baltic republics' political economies that made such a radicalisation possible. However, these unique features make it almost impossible for the Baltic experience to be replicable anywhere else in Europe.

dx.doi.org/10.1080/09668136.2013.779456, hdl.handle.net/1765/40915
COCOPS - (COordinating for COhesion in the Public Sector of the Future)
Europe - Asia Studies
Includes Accepted Author Manuscript
This work was funded by the European Commission 7th Framework Programme; grant id fp7/266887 - COordinating for COhesion in the Public Sector of the Future (COCOPS)
Department of Public Administration

Kattel, R, & Raudla, R. (2013). The Baltic Republics and the Crisis of 2008-2011. Europe - Asia Studies, 65(3), 426–449. doi:10.1080/09668136.2013.779456