Suchergebnisse

Iceland is a small, resource rich country in Europe that is highly dependent on foreign trade. According to the World Bank classifications, Iceland is a high income economy, but with a population of a little bit more than 300 thousand inhabitants, is the smallest economy within the Organization for Economic Co-operation and Development (OECD). Iceland is highly dependent on foreign trade, especially on trade with the European Union, where economic and political integration is evolving and the question about the most feasible level of participation is a future challenge for the country. Iceland is a member of the European Free Trade Association (EFTA), the European Economic Area (EEA) and the Schengen area, and the European Union (EU) candidate country until recently, when its government decided to withdraw its EU membership application. Currently, the EEA agreement ensures Iceland access to the EU common market. The question remains, what is the most feasible arrangement for Iceland's prosperity in the long term? Should it continue to rely on the current arrangement? Should it seek the EU membership in the future and, perhaps, subsequently become part of the Euro Area? What are the possible benefits and disadvantages for Iceland joining the EU and the Euro Area?KEYWORDS: economic integration, small states, Iceland, global crisis, economic policy.JEL CODES: F15, H12, E6DOI: http://dx.doi.org/10.15181/rfds.v21i1.1409

AbstractThis article seeks to examine the exact status of Iceland in light of the Nordic penal exceptionalism thesis. This thesis considers that punishment in the Nordic countries is fundamentally more benign than that in Anglophone countries (Pratt 2008a, 2008b). Yet from this perspective the remote Nordic country of Iceland remains overlooked. That is unfortunate as, at first sight, there is much to be intrigued about: Iceland's prison rate is very low; Iceland is small and homogeneous which may offer cultural or structural pre‐conditions for a positive penal system. Its penal estate is tiny with a small number of very small prisons. In addition, Iceland has a history of low crime rates and a tradition of lenient sentencing practices. All this makes it interesting to consider whether the penal exceptionalism thesis (Pratt and Eriksson 2011) actually extends to Iceland. To what extent does Iceland fit the Nordic mould of penal practice?