The Nordic model rests on two pillars: the social safety net and
the provision of services like education, childcare, and healthcare
for all. It can also be characterized as an “employment model,”
since its financial viability depends upon a high labor
participation rate with very few working poor. Economist Torben M.
Andersen lays out the model’s structure and highlights factors
important for understanding its economic performance. He then looks
into specific policy areas based on Denmark’s experiences and
addresses the challenges arising from new technologies and
globalization.
General
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