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WELCOME TO ETLA'S WEBSITE
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IS THERE A NORDIC MODEL? WHAT IS THE SECRET OF
THE NORDIC COUNTRIES?
The
economic performance of the Nordic countries has been impressive in
comparative terms: rapid growth, high employment, price stability, healthy
surpluses in government finances. The Nordics have embraced globalization
and new technologies. Cross-country comparisons support the view that the
Nordics have been successful in reconciling economic efficiency with
social equality.
While successful in the past, the Nordic model is
facing increasingly serious challenges in the future. Globalization and
the demographic transformation have major consequences for labour markets
and the public sector. The viability of the Nordic welfare state as it
exists today is put into question.
ETLA’s report “The
Nordic Model – Embracing globalization and sharing risks”
offers an in-depth analysis of the Nordic model, explaining its key
features and evaluating its performance as well as setting out its
challenges. It examines many of the “quick fixes” put forward in public
debate and explains why they are unrealistic or based on erroneous
reasoning. The report also outlines the main elements of policy that
reform of the Nordic model should focus on.
Download
the entire report.
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| FINLAND´S TRANSITION TO A KNOWLEDGE ECONOMY |
Finland has transformed itself in a relatively short period from a resource-intensive economy into a knowledge-based one.
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