The Nordic Model
The Nordic countries have the last 70 years combined social security and capitalistic dynamics in a unique way. This form of organising society is called the Nordic or Scandinavian model.
Characteristics include strong labour movements, strong business associations, large welfare states and recurring and centrally co-ordinated collective negotiations.
The Scandinavian countries display small wage gaps, universal welfare arrangements and commitment to full employment by governments.
The Nordic economies are small, open economies with economic growth similar to other capitalist countries. The Nordic model is thereby adapted to a system of free international trade, inter alia through centralised wage negotiations where margins in exporting sectors determine the wage growth in the economy as a whole.
Publications
- “Floating high – How the Nordic model combines capitalist dynamics and worker security”, in Olav Molven (ed.) Healthcare, welfare and law. Gyldendal Akademisk, Oslo, 2010. (Kalle Moene)
- “Inequality, Social Insurance, and Redistribution”, The American Political Science Review 95 (4), 2001. (Kalle Moene og Michael Wallerstein)
- "Taking the Nordic experience to Davos", Office of the Prime Minister, January 28, 2011