• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Anders Borg: Pay Strong Attention to Studies if You Want to Have a Good Life

Anders Borg, the Swedish Minister for Finance gave a lecture on ‘An Open and Dynamic Economy’ at the HSE during his visit to Moscow. He gave a special interview to the HSE portal.

Download the presentation

Anders Borg
Anders Borg
— Mr. Borg, you studied economics, politics and philosophy at the beginning of your career. These are core subjects at the HSE.  You became the Minister for Finance in 2006 and were named the best European Financial Minister in 2011. How useful was it to study these subjects?

— I think economics and political science, history and philosophy are core subjects for anybody who wants to understand society. Whether you are going to work in the private sector, private banking or central banking, or even work with fiscal policy, an academic knowledge of these subjects is very important.

— How do you see future cooperation between universities in Sweden and Russia and particularly between the HSE and Swedish universities?

 — We have a very good level of cooperation between students of Sweden and Russia. When I did my graduate studies in Stockholm University there were quite a lot of Russians coming there. Hopefully we can increase this exchange. We are very happy to have such good cooperation with academic institutions in Russia.

 — What’s your view on the financial crisis?

 — It’s not over yet. We are hopeful that we will see a global recovery.  But even with Asian and other markets emerging there is still some very substantial political uncertainty remaining in Southern Europe. There are obviously the problems of the Italian elections, as well as some uncertainties about the banking situation in Spain. The situation in Greece is also unclear: whether the government is able and willing to fulfill their commitments or not. I do think that there are some potential stumbling blocks along the way and we should be cautious about the risks.

— Mr. Borg, you call yourself a feminist.  Could you, please, share your views on this problem?

— I think that a society where everybody has equal opportunities is a good society. A society where women have the same access to the job market, to academic circles, and to political leadership is a better society. A society that is equal is better both for men and women.

— How would you describe modern youth?

— I hope most students pay strong attention to their studies. I think that if you want to have a good life and a position on the labor market, you should pay attention during mathematics classes and economics classes. You should work hard and build a better future for yourself.


Anna Chernyakhovskaya, specially for HSE news service. 

Photo: Johan Ödmann


See also:

The Old Man and the Mortgage: On Fictional Characters' Financial Behaviour

Alexandre Dumas reveals some causes of economic crises, Ernest Hemingway explores financial decision-making, and Fyodor Dostoevsky offers his reader a glimpse into the minds of stock market players. IQ.HSE continues to read fiction from an economists' perspective: HSE Assistant Professor Henry Penikas takes a fresh look at some literary classics.

Russian Blue Chips Prove Their Pricing Potential

Researchers from HSE University and London Business School have carried out research into the dynamics of the prices for Russian companies’ stocks and depositary receipts. The research indicates that, thanks to their price differences, there are opportunities for profitable trading with zero or, at least, minimum risk.

Master's Programme in Finance at HSE-St. Petersburg Receives EPAS Accreditation

The European Foundation for Management Development (EFMD), one of the world's largest professional associations in the field of business and management, has awarded the Master’s Programme ‘Finance’ at the HSE in St. Petersburg an accreditation for a period of three years. This is the first Master’s programme in Russia to be accredited by the EFMD.

Investment in LEGO Can Yield Returns of up to 600%

Economists of the School of Finance of the Higher School of Economics Victoria Dobrynskaya and Yulia Kishilova analysed secondary market prices of the world-famous toy construction sets released from 1987-2014.

Joint Department with Deloitte Opens at HSE

With the Joint Department with Deloitte, the HSE School of Finance now has joint departments with all of the Big Four audit and consulting firms.

How Corporate Values ​​Affect Bank Profits

According to international studies, values can impact corporate performance and the bottom line either directly or indirectly. In the paper 'Corporate Values ​​and Profits of Commercial Banks: Correlation with Profits', Elena Prosvirkina and Nikolai Prosvirkin have examined the corporate values commonly declared by Russian banks and found that the widely held values of customer focus and efficiency can bring competitive advantage, but do not impact financial performance directly.

‘People Who Are Good with Numbers Need to Develop Emotional Intelligence’

How can financial managers help design products and services? What bearing may a CEO’s death have on investment decisions? Why is our perception of time and place changing? Professor Jean-Malik Dumas from Tilburg University discusses these and other issues in an interview with HSE News Service. He has recently visited HSE Faculty of Economic Sciences under Erasmus Plus programme to teach an elective course in Finance for Master’s students of Strategic Corporate Finance programme.

Bloomberg Hub Opens at HSE School of Finance

From June 2017 a Bloomberg hub offering unlimited data access will be available at the HSE building at 26 Shabolovka. The Bloomberg database comprises extensive, constantly updated data on global and national capital markets, transactions involving financial assets, derivatives, as well as market liquidity options, trading applications and news flow.

Russia’s Only CFA Program Partner Attracts Diverse Group of Students

The HSE Banking Institute welcomes international students from around the world who have expressed growing interest in our Financial Analyst Master’s programme, which is conducted entirely in English and is the only such programme in Russia and the CIS to be recognized by the CFA Institute as a Program Partner. The Banking Institute provides both exchange and Master’s students the opportunity to study best global practice in the areas of investment and financial analysis from a truly global perspective.

One’s Ability to Make Money Develops Before Birth

Researchers from the Higher School of Economics have shown how the level of perinatal testosterone, the sex hormone, impacts a person’s earnings in life. Prior research confirms that many skills and successes are linked to the widely known 2D:4D ratio, also knows as the digit ratio. This is the ratio of the index and ring fingers, and it is considered a reflection of the level of perinatal testosterone, the male hormone of the mother that acts on the development of the offspring during pregnancy.