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The global financial crisis and its socio-economic effects in Macedonia - the social-democratic response to the crisis


Rahkola, Joonas; Tevdovski, Dragan; Stambolieva, Marija

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Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-63609

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Corporate Editor Progres Institute for Social Democracy, Skopje; Friedrich-Ebert-Stiftung, Büro Mazedonien
Abstract The paper analyses the economic and social effects of the current crisis. The text first describes the reasons behind the global crisis and its consequences and then focuses on the effects in the Republic of Macedonia. It analyses the capability of the Macedonian socio‐economic system and its institutions to cope with the crisis. By giving a comparative overview of the crisis that the Scandinavian countries experienced in the 90ties and their recovery through the use of social-democratic policies, the paper tries to offer policy options for the Macedonian case. The authors conclude by giving recommendations for future policy actions.
Keywords Macedonia; financial crisis; socioeconomic effects; economic crisis; political decision; economic policy; fiscal policy; social democracy
Classification Political Process, Elections, Political Sociology, Political Culture; Economic Policy
Method applied research; descriptive study
Document language English
Publication Year 2009
City Skopje
Page/Pages 28 p.
Status Published Version; reviewed
Licence Basic Digital Peer Publishing Licence