期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2002
卷号：2002
出版社：Bergen
摘要：This work focuses on the disintegration of the world economy during the inter-war
period and examines its effects on the Norwegian economic policies compared to
other small European countries. Two very different patterns occur. In the 1920s
several western European countries aimed their policy at restoring the pre-war
economic regime. More precisely their goal was to re-establish a liberal economic
order, wiz. free trade, fair competition and the gold standard at par value. This type of
policy was pursued by the United Kingdom, the Netherlands, Switzerland, Denmark,
Sweden and Norway. In the 1930s most countries responded to the international
economic disintegration by an inward-looking focus aimed at protecting their own
industries, labour market, and current account balance. A major feature was the
monetary reactions. After Britain suspended gold redemption on September 20th
/21st
1931 several countries followed, dropping gold in favour of a floating currency.
Protectionism, cartellisation and subsidies were other new instruments introduced in
order to defend the domestic industries of most West European countries.
