The Nordic Model: Existence, Emergence and Sustainability

Razi Iqbal (raziiqbal20@gmail.com) and Padma Todi (padma.todi@gmail.com)
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Razi Iqbal: Shri Ram College of Commerce, Delhi University
Padma Todi: Shri Ram College of Commerce, Delhi University

No 2204946, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

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.

Keywords: Nordic model; Welfare; population; inequality; free market (search for similar items in EconPapers)
JEL-codes: P48 P50 P51 (search for similar items in EconPapers)
Pages: 1 page
Date: 2015-09
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Published in Proceedings of the Proceedings of the 4th Economics & Finance Conference, London, Sep 2015, pages 22-22

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:2204946

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