The Nordic model refers to the economic and social models of the Nordic countries. This particular adaptation of the mixed market economy is characterized by more generous welfare states (relative to other developed countries), which are aimed specifically at enhancing individual autonomy, ensuring the universal provision of basic human rights and stabilizing the economy.

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  • The Nordic model refers to the economic and social models of the Nordic countries. This particular adaptation of the mixed market economy is characterized by more generous welfare states (relative to other developed countries), which are aimed specifically at enhancing individual autonomy, ensuring the universal provision of basic human rights and stabilizing the economy. It is distinguished from other welfare states with similar goals by its emphasis on maximizing labor force participation, promoting gender equality, egalitarian and extensive benefit levels, large magnitude of redistribution, and liberal use of expansionary fiscal policy. The Nordic Model however is not a single model with specific components or rules; each of the Nordic countries has their own economic and social models, sometimes with large differences from the neighbors. On the Index of Economic Freedom 2008, Denmark's rating is 11th highest of 162 countries (4th in Europe), Finland's 16th, and Sweden's 27th.
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  • May 2008
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  • July 2009
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  • November 2007
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  • August 2008
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  • The Nordic model refers to the economic and social models of the Nordic countries. This particular adaptation of the mixed market economy is characterized by more generous welfare states (relative to other developed countries), which are aimed specifically at enhancing individual autonomy, ensuring the universal provision of basic human rights and stabilizing the economy.
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  • Nordic model
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