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Nordic Capitalisms and Globalization - New Forms of Economic Organization and Welfare Institutions (Hardcover)
Loot Price: R3,401
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Nordic Capitalisms and Globalization - New Forms of Economic Organization and Welfare Institutions (Hardcover)
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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 and benefit from globalization
on a much wider scale than in any other similarly highly developed
country, and these countries increasingly provide templates within
the EU for imitation and social innovation. This book investigates
how and why welfare services, active labour market institutions,
and public policies were re-combined into enabling and risk-sharing
mechanisms to stimulate innovation, and how this made it possible
for firms to change their work organization and pursue highly
rewarding and distinctive globalization strategies. Through
detailed analysis of Finland, Denmark, Norway, and Sweden, this
book reveals the dynamics and transformations of their national
business systems, and the emerging new patterns of interaction
between firms, labour markets, and institutions. It will be
valuable addition to the literature on social innovation and
institutional entrepreneurship.
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