IDEAS home Printed from https://ideas.repec.org/a/rom/mancon/v13y2019i1p1001-1013.html
   My bibliography  Save this article

The Nordic-Baltic Region: Its Influence And Security In Europe

Author

Listed:
  • Hilmar ?ór HILMARSSON

Abstract

The Nordic and the Baltic countries are closely interlinked via trade, investment, people mobility, and banking. Because of this integration, as well political, cultural and historical ties, they are sometimes referred to as the Nordic-Baltic region. All the eight countries in this group have pursued some form of integration with the European Union (EU) and all of them are Schengen member states. But can these small countries as a group cooperate more closely and perhaps exercise more collective authority in Europe? The Nordic countries and the Baltic States have cooperated successfully in the Bretton Woods institution, the World Bank and the International Monetary Fund (IMF), and exercise more authority there because of their common approach. The objective of the article is to access if the Nordic and the Baltic States can exercise more influence in the European integration if they act collectively. The paper finds that when it comes to European integration the lack of common approach complicates their cooperation. Within this group of countries there are hardcore EU and euro area member states (the Baltics and Finland), EU members (Denmark and Sweden) and EU outsiders (Iceland and Norway). The economic and social policies of the Baltics versus the Nordics also differ sharply. Common pathways for the future cooperation in Europe may be hard to find.

Suggested Citation

  • Hilmar ?ór HILMARSSON, 2019. "The Nordic-Baltic Region: Its Influence And Security In Europe," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 1001-1013, November.
    • Handle: RePEc:rom:mancon:v:13:y:2019:i:1:p:1001-1013
    as

    Download full text from publisher

    File URL: https://conference.management.ase.ro/archives/2019/pdf/5_1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Keohane, Robert O., 1969. "Lilliputians' Dilemmas: Small States in Internatinal Politics," International Organization, Cambridge University Press, vol. 23(2), pages 291-310, April.
    2. Hilmar Tór HILMARSSON, 2016. "Iceland, economic integration and the European Union," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(4), pages 373-391, October.
    3. Gylfason, Thorvaldur & Holmström, Bengt & Korkman, Sixten & Söderström, Hans Tson & Vihriälä, Vesa, . "Nordics in Global Crisis. Vulnerability and resilience," ETLA B, The Research Institute of the Finnish Economy, number 242.
    4. Mai'a K. Davis Cross & Ireneusz Pawel Karolewski & Jolyon Howorth, 2017. "‘Stability on the Borders’: The Ukraine Crisis and the EU's Constrained Policy Towards the Eastern Neighbourhood," Journal of Common Market Studies, Wiley Blackwell, vol. 55(1), pages 121-136, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hilmarsson, H. Þ., 2019. "The Nordic Baltic Region and European Integration: Economic, Political and Security Concerns," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(3), pages 147-158, September.
    2. Ramesh Kumar Raj, 2023. "The Manifestation of Small State Syndromes in Foreign Policy of Nepal: An Assessment through Case of MCC Grant," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 446-454, December.
    3. Stanley Brunn, 2015. "Philatelic Boosterism: Tourism Stamps Of Small Island States," International Journal for Responsible Tourism, Fundatia Amfiteatru, vol. 4(2), pages 23-52, December.
    4. Hilmar Tór HILMARSSON, 2016. "Iceland, economic integration and the European Union," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(4), pages 373-391, October.
    5. Michael Greenfield Partem, 1983. "The Buffer System in International Relations," Journal of Conflict Resolution, Peace Science Society (International), vol. 27(1), pages 3-26, March.
    6. Kristian Stokke, 2012. "Peace-building as Small State Foreign Policy," International Studies, , vol. 49(3-4), pages 207-231, July.
    7. Erik Larson, 2017. "Demand for credit, international financial legitimacy, and vulnerability to crises: Regulatory change and the social origins of Iceland's collapse," Regulation & Governance, John Wiley & Sons, vol. 11(2), pages 185-202, June.
    8. Honkapohja, Seppo, 2014. "The Euro Area Crisis: A View from the North," Journal of Macroeconomics, Elsevier, vol. 39(PB), pages 260-271.
    9. Shakthi De Silva, 2015. "Balancing, Bandwagoning or Hedging? Independent Ceylon’s Reaction to Regional Hegemony," South Asian Survey, , vol. 22(2), pages 189-209, September.
    10. Ang, James B., 2011. "Financial development, liberalization and technological deepening," European Economic Review, Elsevier, vol. 55(5), pages 688-701, June.
    11. Leszek Lesniewski, 2015. "Gospodarki Danii, Finlandii i Szwecji a globalny kryzys finansowy / The Global Financial Crisis in Denmark, Finland and Sweden," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 9, pages 5-22, March.
    12. repec:zbw:bofrdp:2013_012 is not listed on IDEAS
    13. Honkapohja, Seppo, 2013. "The euro crisis : a view from the North," Research Discussion Papers 12/2013, Bank of Finland.
    14. Phan Thanh Chung & Sizhong Sun & Diem Thi Hong Vo, 2019. "How Does Financial Development Interact With Economic Growth In Five Asean Countries?," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(03), pages 441-460, June.
    15. Gylfi Zoega, 2021. "Financial Crises and Current Account Surpluses," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(2), pages 159-172, June.
    16. Gylfi Zoega, 2017. "Nordic Lessons from Exchange Rate Regimes," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 45(4), pages 411-428, December.
    17. Kirsten Martinus & Thomas Sigler & Iacopo Iacopini & Ben Derudder, 2021. "The brokerage role of small states and territories in global corporate networks," Growth and Change, Wiley Blackwell, vol. 52(1), pages 12-28, March.
    18. Rowland, Jill & Rice, Mason & Shenoi, Sujeet, 2014. "Whither cyberpower?," International Journal of Critical Infrastructure Protection, Elsevier, vol. 7(2), pages 124-137.
    19. Chris Ogden, 2023. "India-ASEAN Relations: The Utility and Limits of a Norm-Based Approach," International Studies, , vol. 60(2), pages 155-175, April.
    20. Erixon, Lennart, 2016. "Building a path of equality to economic progress and macroeconomic stability - the economic theory of the Swedish model," Research Papers in Economics 2016:3, Stockholm University, Department of Economics.
    21. Athaulla A. Rasheed, 2019. "Role of Small Islands in UN Climate Negotiations: A Constructivist Viewpoint," International Studies, , vol. 56(4), pages 215-235, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:mancon:v:13:y:2019:i:1:p:1001-1013. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.