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Nordic Capitalisms and Globalization - New Forms of Economic Organization and Welfare Institutions (Paperback)
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Nordic Capitalisms and Globalization - New Forms of Economic Organization and Welfare Institutions (Paperback)
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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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