Report | 2010

State of the Region Report 2010: The Top of Europe Recovering—Regional Lessons from a Global Crisis

by Christian H.M. Ketels

Abstract

The 2010 State of the Region Report, the seventh in this series of annual evaluations of competitiveness and cooperation across the Baltic Sea Region, takes the Region's economic temperature in the first year after the full onslaught of the global crisis. The focus of the policy debate is shifting towards the exit from last year's emergency measures and the design of growth strategies that can put the economy back on a sustainable development path. It is in this context of how to achieve sustainable growth that the analysis of competitiveness and of the role regional collaboration can play in strengthening is playing an important role. Part A of the Report tracks different indicators of competitiveness and cooperation in the Region, much as in previous Reports. The Report highlights the changes since last October and provides a summary assessment of the situation in other areas. Part B focuses on the longer-term economic trends in the Baltic countries and Poland. The dramatic shift from high growth to deep recession in the Baltic countries raises fundamental questions about their future economic policy approach.

Keywords: Trends; Economic Growth; Financial Crisis; Policy; Performance Effectiveness; Competitive Strategy; Cooperation; Baltic Countries;

Citation:

Ketels, Christian H.M. "State of the Region Report 2010: The Top of Europe Recovering—Regional Lessons from a Global Crisis." Report Series, Baltic Development Forum, Copenhagen, 2010.