Actividades Realizadas

de ABR

International Workshop

Organized by CICLOP and IIEP BAIRES (UBA CONICET) Summary of Seminar Iceland suffered a deep economic and political crisis after three of the country’s major banks collapsed within a couple of days in late September and early October of 2008 and were subsequently taken into public ownership. This constitutes the largest banking collapse in history relative to economic size and made Iceland the biggest casualty of the Great Recession. The economic crash came as a great surprise to the Icelandic public because the banks were considered well financed, generating high returns even in the summer prior to their downfall. Their growth was extraordinary, with three small local savings banks in the late 1990’s surging to join the ranks of the world’s top three hundred banks in only a decade. After the crash the Icelandic banks joined a league that is much less glorified. Does the case of Iceland have any resemblance to the social and economic crisis in the South? How did the welfare system in Iceland cope with the crisis? Examples from Uruguay and Argentina will be included and discussed. Helgi Gunnlaugsson, Ph.D. (Professor of Sociology, School of Social Sciences, University of Iceland): “The Causes of the Icelandic Banking Collapse in 2008, and the Road to Recovery Since. Summary: In Gunnlaugsson´s presentation, the meltdown of the Icelandic banks will be critically analyzed and put into a comparative perspective. Was the crisis a result of individual faults, mistakes or negligence? Or do the causes lie much deeper in the political and economic system? How did the Icelandic government react to the crisis? What characterizes the social and economic situation in Iceland today? Örn. D. Jónsson, Ph.D. (Professor of Innovation and Entrepreneurship, School of Business, University of Iceland): “Banking Meltdown of Iceland in 2008 and Resilience of Nordic Welfare States”. Summary: According to his long-standing interests related to innovation and geopolitics, in his recent works he focused in the relevance of the emerging Sharing economy. In the last few years Iceland has bounced back remarkably well despite the near collapse of the economy in 2008. The topic of his lecture is an overall presentation of Iceland as an open economy, a microstate in the Nordic mould. In recent years the nation has fared well, partly due to increasing popularity of Iceland as a tourist destination but more significantly due to the necessity for a population to adjust to incessant global shifts. Enrique del Acebo Ibáñez, Dr (Professor of Sociology of Organizations, School of Economic Sciences, University of Buenos Aires, CICLOP, IIEP-CONICET) –Coordinator-: “Some psycho-sociological inputs for the analysis of national crises “ Summary: Some final remarks related to the cases analyzed by Gunnlaugsson and Jónsson are considered in terms of the relation between the sociocultural world and the subject world, and how they interact in crises.