A European Study
Edited by Gillian Bristow and Adrian Healy
Chapter 5: The economic crisis and North Estonia: a case study of rapid recovery
This chapter explores the effect of the 2008_09 crisis on the region of North Estonia. The region was hit very hard owing to its high openness and dependence upon foreign trade. However, a swift and decisive national policy response helped foster very rapid recovery, with a radical reduction of public expenditures and accelerated utilisation of EU funds particularly important factors.
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