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Pekka Sutela
Nonresident Senior Associate, Russia and Eurasia Program

about


Pekka Sutela is no longer with the Carnegie Endowment.

Pekka Sutela was a nonresident senior associate in the Carnegie Endowment’s Russia and Eurasia Program, where his research focuses on the economies of Eurasia, especially Russia. He was previously the principal adviser for monetary policy and research at the Bank of Finland.

Prior to joining the Bank of Finland in 1990, he was senior researcher at the Academy of Finland (1986–1990), visiting researcher at the Bundesinstitut für Ostwissenschaftliche und internationelle Studien in Cologne (1989–1990), and visiting researcher at the Centre for Russian and East European Studies at the University of Birmingham in the United Kingdom (1989).

Sutela has published several monographs on Soviet and Russian economic affairs, including Economic Thought and Economic Reform in the Soviet Union (Cambridge University Press, 1991) and Rossiya I Evropa: Nekotorye aspekty vzaimootnoshenii (Carnegie Moscow Center, 2003).


education
Ph.D., University of Helsinki
languages
English, Finnish, Russian

All work from Pekka Sutela

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10 Results
paper
The Underachiever: Ukraine's Economy Since 1991

Ukraine can begin to expose its economy to more foreign competition and investment and truly live up to its potential only if it cracks down on corruption and encourages domestic competition.

· March 9, 2012
event
Ukraine's Underachieving Economy Since 1991
January 27, 2012

While there were high hopes for Ukraine’s speedy transition to a wealthy free market democracy and full membership in the European and Euro-Atlantic communities when it declared independence in 1991, it has fallen short of these targets.

commentary
Looking Forward to 2012

If 2011 was the year of the euro crisis, Carnegie scholars examine what issue will have the greatest impact on the global economy in 2012.

REQUIRED IMAGE
commentary
Debt in Finland

Unless a major crisis erupts in Europe, Finland’s fiscal prudency and solid banks might well satisfy the markets.

· December 7, 2011
REQUIRED IMAGE
commentary
Finland’s Approach

Finland sets the prospect of a European crisis against its own experiences two decades ago.

· December 6, 2011
article
Russia’s Economic Prospects

In spite of predicted growth in 2011, the Russian economy faces a number of serious challenges as it recovers from the global financial crisis.

· March 28, 2011
event
Russia Two Years After the Crisis
October 12, 2010

Russia’s economy suffered one of the world’s steepest declines in gross domestic product in the wake of the global financial crisis. Two years later, Russia’s economic indicators still tell a grim story.

commentary
Russia's Response to the Global Financial Crisis

While Russia’s short-term economy will largely depend on oil prices and the country’s demographic challenges, its medium-to-long-term outlook will be influenced by the lessons that leaders take from the crisis, which will affect Russia’s economic structure and policies for many years to come.

· July 29, 2010
event
Russia's Response to the Financial Crisis
May 4, 2010

To counter the steep economic downturn in 2009, Russia enacted a stimulus package equivalent to almost 7 percent of GDP. The Kremlin's response was effective and its consequences lead Russia's relatively quick recovery.

REQUIRED IMAGE
event
How Much Russian Energy is Good for Europe?
November 10, 2005

Global energy companies still want to go into Russia, even if the conditions are not what they had once hoped. Most countries don’t sell majority shares in big fields. So Russia is becoming a more normal energy-producing country.