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Hilmar Þór Hilmarsson

Hilmar Þór Hilmarsson is a professor of economics at the University of Akureyri, Iceland and has held numerous visiting scholarships, including at the University of Cambridge in 2017 and 2018. He served as a specialist and co-ordinator with the World Bank Group in Washington DC from 1990 to 1995, at the World Bank office in Riga from 1999 to 2003 and in its Hanoi office from 2003 to 2006.

Hilmar Þór Hilmarsson

Drinking the blood of Ukraine: east-west competition for a country in crisis

Hilmar Þór Hilmarsson 30th October 2019

The bizarre recent phone conversation between the president of the US and his counterpart in Ukraine returned to the public mind a neglected country with a frozen conflict.

Iceland Alone and Latvia Captured

Hilmar Þór Hilmarsson 5th February 2018

Two small countries, Iceland and Latvia, were severely affected during the global crisis in 2008. Iceland was the first to be hit and Latvia the hardest hit. Two fundamental differences influenced their response. Iceland’s banking system was in local ownership and Iceland was not an EU member state, but Latvia was in the EU and […]

Economic Austerity And Outward Migration

Hilmar Þór Hilmarsson 15th January 2018

Since independence in 1991 the Baltic states have implemented neoliberal economic policies with weak social systems and income and wealth distribution that is among the most unequal in the European Union. Among the consequences is large-scale outward migration. At independence the Baltics collectively had about 7.8 million inhabitants and Sweden about 8.6m. Now the Baltic […]

Exit, Brexit, Voice And Loyalty

Hilmar Þór Hilmarsson 18th December 2017

When thinking about the state of affairs in Europe, including post-crisis developments and Brexit, Albert Hirschman’s classic book Exit, Voice and Loyalty comes to mind. Hirschman noted two ways in which customers can respond to a firm´s deteriorating performance: switch to another product, or complain to management. Thus, they can exit or they can exercise […]

Small States Under Pressure

Hilmar Þór Hilmarsson 28th November 2017

It is not always easy to be a small state in a global world. Many small states seek shelter, some by building alliances with larger states, others by joining international organizations such as the European Union. A shelter can be political, military as well as economic. The Nordic and the Baltic States have all sought […]

Baltic Austerity And Euro Area Contagion

Hilmar Þór Hilmarsson 13th November 2017

I lived in Riga, the Latvian capital, from 1999 to 2003 just before the Baltic States became European Union member states in 2004. EU membership was to be a ticket to prosperity, and along with NATO membership, provide security. There was optimism that the Baltics would catch up with the richer EU15 countries and perhaps […]

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Eurofound Talks: does Europe have the skills it needs for a changing economy?

In this episode of the Eurofound Talks podcast, Mary McCaughey speaks with Eurofound’s research manager, Tina Weber, its senior research manager, Gijs van Houten, and Giovanni Russo, senior expert at CEDEFOP (The European Centre for the Development of Vocational Training), about Europe’s skills challenges and what can be done to help workers and businesses adapt to future skills demands.

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