Nordic Capitalisms and Globalization

Nordic Capitalisms and Globalization

New Forms of Economic Organization and Welfare Institutions

Ed. by Peer Hull Kristensen and Lilja Kari
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In the early 1990s the Nordic countries were considered to be in a serious situation. The costs of welfare states, generous unemployment benefits, high taxation rates, strong unions, and centralized wage bargaining were thought to be undermining their competitiveness in an age of rapid globalization. By 2005 however, they all ranked at the top of a number of performance indexes on economic competitiveness and sustainability. Citizens in the Nordic countries continue to participate in andbenefit from globalization on a much wider scale than in any other similarly highly developed country, and t...