Managing Crises and De-Globalisation: Nordic Foreign Trade and Exchange, 1919-1939 by Sven-olof OlssonManaging Crises and De-Globalisation: Nordic Foreign Trade and Exchange, 1919-1939 by Sven-olof Olsson

Managing Crises and De-Globalisation: Nordic Foreign Trade and Exchange, 1919-1939

EditorSven-olof Olsson

Hardcover | January 22, 2010

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As small, open economies the Nordic states have always been more dependent on foreign trade than larger powers, and have thus had a historic preference for free trade. But during the inter-war period the Nordic countries were squeezed between powerful and aggressive trading partners: above all Great Britain and Germany. Although the period between the end of the First World War and 1929 was marked by a return to a liberal world economy, the Great Depression ushered in a decade of protectionism. The bilateralisation of international trade was especially evident after Britain's Ottawa treaties in 1932 and the Nazi seizure of power in 1933. Their dependence on trade with Britain and Germany meant that the Nordic countries were exposed to the full force of British and German bilateralism.

The paradox is that in spite of international trade wars and regulated exchange the Nordic countries managed better than other European states during the interwar period, and that the Great Depression was not as deep or long lasting as in other countries. The chapters in this book discuss why and how this rather successful Nordic experience was achieved. The topics covered include commercial and monetary policies but also important industries such as forestry, agriculture and fishing. Many of the chapters are comparative and discuss economic developments in two or more Nordic countries.

Sven-Olof Olsson is Assistant Professor at the Department of Economic History in the Faculty of Social Sciences at Gothenburg University, Sweden.
Title:Managing Crises and De-Globalisation: Nordic Foreign Trade and Exchange, 1919-1939Format:HardcoverDimensions:240 pages, 9.21 × 6.14 × 0.8 inPublished:January 22, 2010Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0415561728

ISBN - 13:9780415561723


Table of Contents

1. Introduction 2. British-German rivalry in Northern Europe revisitedPatrick Salmon3. Nordic trade cooperation in the 1930sSven-Olof Olsson4.Why did Norwegian trade become more active in the interwar period?Monica V'olm5. Effective protection, prices and GDP growth: Tariffs in Finland during the interwar periodJari Kauppila6. Re-examining Norwegian monetary policy in the 1930sLars Fredrik 'sendal 7. Danish exchange rate policy and and economic Interest groups: the interwar experienceHans Kryger Larsen8. Norway's and Sweden's bilateral exchange clearing with Germany during the 1930sPeter Hedberg9. The Scandinavian food system between organisation and stateFlemming Just10. Trade crisis and regulation of the farm sector: Sweden in the interwar yearsMats Morell11. Comparing the Icelandic and Norwegian fisheries' responses to the economic crisis of the 1930sGu'mundur J'nsson12. The state and the formation of the fishing industry: Denmark in the interwar periodMorten Karn'e S'ndergaard13. Cartels in the Swedish forest industry in the interwar periodBirgit Karlsson14. Big business, market power and small nations: The Norwegian aluminium and nickel industry 1920-39P'Sandvik & Espen Storli