The Nordic model (or Nordic capitalism[1] or Nordic social democracy[2][3]) refers to the economic and social models of the Nordic countries (Denmark, Iceland, Norway, Sweden and Finland). Although there are significant differences among the Nordic countries, they all share some common traits. These include support for a universalist welfare state (relative to other developed countries) which is aimed specifically at enhancing individual autonomy, promoting social mobility and ensuring the universal provision of basic human rights, as well as for stabilizing the economy. The Nordic model is distinguished from other types of welfare states by its emphasis on maximizing labor force participation, promoting gender equality, egalitarian and extensive benefit levels, the large magnitude of wealth redistribution, and liberal use of expansionary fiscal policy. --Wikipedia en.wikipedia.org/wiki/Nordic_model
Posted on: Sat, 01 Feb 2014 19:04:47 +0000