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The Third GlobalizationCan Wealthy Nations Stay Rich in the Twenty-First Century?$
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Dan Breznitz and John Zysman

Print publication date: 2013

Print ISBN-13: 9780199917822

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199917822.001.0001

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How the Nordic Nations Stay Rich

How the Nordic Nations Stay Rich

Governing Sectoral Shifts in Denmark, Finland, and Sweden

Chapter:
(p.300) 11 How the Nordic Nations Stay Rich
Source:
The Third Globalization
Author(s):

Darius Ornston

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199917822.003.0014

This chapter explores how wealthy countries deal with the conflict between the promotion and regulation of capitalism by analyzing developments in Denmark, Finland, and Sweden. The chapter is organized as follows. The first section underscores Nordic Europe's significance as a critical case, both in terms of its vulnerability to disruptive political and economic challenges and its relative success in adapting to these challenges. The second section characterizes the choices that policymakers faced during the 1980s and 1990s, including traditional corporatism, neoliberal reform, competitive corporatism, and creative corporatism. The third section explains why Denmark, Finland, and Sweden pursued creative corporatism, focusing on the interaction between crisis and cooperation. The final section describes the challenges that confront Nordic Europe and advanced industrialized economies more generally. The analysis is informed by 241 interviews conducted with politicians, industrialists, and labor representatives in Denmark, Finland, and Sweden between 2003 and 2006.

Keywords:   capitalism, wealth countries, neoliberal reform, competitive corporatism, creative corporatism

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