search query: @indexterm ICELAND / total: 18
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| Author: | Jónsson, G. |
| Title: | Iceland, OEEC and the trade liberalisation of the 1950s |
| Journal: | Scandinavian economic history review
2004 : VOL. 52:2, p. 63-84 |
| Index terms: | History Iceland Liberalization |
| Freeterms: | OEEC |
| Language: | eng |
| Abstract: | This paper investigates Iceland's external economic relations between 1945 and 1960 with particular emphasis on the TLP (Trade Liberalisation Program). It looks for a reason why Iceland, so highly dependent on strong ties with the outside world, chose to cling to protectionism longer than most Western European countries. It is argued that the external shock caused by the war, creating an artificial economy internally and overvaluation of the króna, made adjustment to peace time circumstances extremely difficult. |
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