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Professor Urpo Kivikari The Impact of Russian Economy on Finland

Professor Urpo Kivikari The Impact of Russian Economy on Finland Economic and Political Relations after the EU Enlargement Budapest 5-6 February 2004. Russian/Soviet share in Finnish Foreign Trade 1827-2002. Source: Tullihallitus. kotilainen/ven_vie_tuo_k.

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Professor Urpo Kivikari The Impact of Russian Economy on Finland

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  1. Professor Urpo Kivikari The Impact of Russian Economy on Finland Economic and Political Relations after the EU Enlargement Budapest 5-6 February 2004

  2. Russian/Soviet share in Finnish Foreign Trade 1827-2002 Source: Tullihallitus kotilainen/ven_vie_tuo_k

  3. utilized the SU’s trade potential secured demand for Finnish exports anticyclical impact on Finnish economy profitable to Finnish firms alien to Finnish market economy supported existing structures created “dual economy” caused recession in 1990’s The Soviet Union & Finland Bilateral Clearing Trade until 1991:  “Mutually beneficial”

  4. Russia as a Trading Partner Russia’s share (2001, %) in

  5. The Effects of EU Enlargement • Substantial increase in EU-Russia integration • Russia becomes more important to the EU • New EU member countries increase competition • Northern Dimension = neighbourhood policy

  6. Future Prospects • Actual trade > potential trade • Russia ~ Sweden • Inter-industry trade will dominate business • Outward Processing Trade • FDI – fastest growth  Trade becomes ”more normal”

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