The objectives of the northern dimension research programme in the light of the new institutional economics

Kuznetsov, Andrei and Kuznetsova, Olga (2002) The objectives of the northern dimension research programme in the light of the new institutional economics. In: Workshop on studies for Northern Dimension, 30th May 2002 - 31st May 2002, Kalastajatorppa, Helsinki, Finland.

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Abstract

This report describes the economical and institutional aspects and processes of the policy on Northern Dimension. By studying these issues the papers presented in workshop enlightened many problems which are faced up to in the policy implication of Northern Dimension. The current meaning of the term is related to promoting the economic stability of the Northern Europe. The economic problems stem from structural barriers effecting the development of economic sectors and markets in the Northwest Russia, the Baltic and Poland. Because of such problems the integration of these countries with the rest of Europe is difficult. It is crucial question increasing investments in infrastructure (transportation, energy, telecommunication, etc.) for promoting economic growth in the future.