Essential for students of international business, this unique textbook arrives at a time when the Nordic model has become globally envied for its competitiveness and success.It is based on extensive research from a number of prominent Nordic institutions, edited by a highly regarded, expert team. This is the first book to examine and explain the development of a Nordic model of capitalism.Creating the Model of Nordic Capitalism illuminates how the economies of five small North European countries; Denmark, Finland, Norway, Iceland and Sweden, became so competitive during the twentieth century. Through rigorous analysis the authors propose and describe the defining features of Nordic capitalism.