Publications of the Academy of Finland 7/02

Research Programme for the Economic Crisis of the 1990s:
REASONS, EVENTS AND CONSEQUENCES 1998-2001
EVALUATION REPORT

The Academy of Finland’s Research Programme for the Economic Crisis of the 1990s in Finland has been evaluated by an international panel. Altogether 25 projects were funded with a total of EUR 4.2 million during 1998-2000. The programme has made a major contributions by analysing central aspects of societal development and by providing excellent material for the academic and political debate on the crisis. However, international comparisons have been used rather sparingly, which implies that the potential for a deeper understanding has not been fully exploited. Since the Finnish economic crisis of the 1990s is of great international interest, the evaluation panel recommends that more articles should be written for an international research community.