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The Nordic Model: Existence, Emergence and Sustainability

Author

Listed:
  • Razi Iqbal

    (Shri Ram College of Commerce, Delhi University)

  • Padma Todi

    (Shri Ram College of Commerce, Delhi University)

Abstract

In a world where inequality is on the rise alongside an increase in income, it becomes of paramount interest for anyone to find a nation or a group of nations which manage to have well-performing economic and social indicators. This curiosity about finding a ?third? model led us to the Nordic Model.Our qualitative paper titled ?Establishing the existence of Nordic model and its sustainability? is aimed at documenting the present condition of the Model in the five countries that come under the purview of the Model: Denmark, Finland, Iceland, Norway and Sweden. We begin with establishing the existence of the Model using certain social and economic indicators. We look at the various reasons, both historical and those unique to these countries, behind the emergence and success of the model. We discuss the major problems that these countries as a whole are facing with regard to continuing the existing system or improving it. We look at possible ways in which the countries could sustain the model.

Suggested Citation

  • Razi Iqbal & Padma Todi, 2015. "The Nordic Model: Existence, Emergence and Sustainability," Proceedings of Economics and Finance Conferences 2204946, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:2204946
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    File URL: https://iises.net/proceedings/4th-economics-finance-conference-london/table-of-content/detail?cid=22&iid=022&rid=4946
    File Function: First version, 2015
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    Cited by:

    1. Carmen Păunescu & Elisabeta Molnar, 2020. "Country’s Entrepreneurial Environment Predictors for Starting a New Venture—Evidence for Romania," Sustainability, MDPI, vol. 12(18), pages 1-18, September.
    2. Krzysztof Beck & Michał Możdżeń, 2020. "Institutional Determinants of Budgetary Expenditures. A BMA-Based Re-Evaluation of Contemporary Theories for OECD Countries," Sustainability, MDPI, vol. 12(10), pages 1-31, May.

    More about this item

    Keywords

    Nordic model; Welfare; population; inequality; free market;
    All these keywords.

    JEL classification:

    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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