1 / 8

generous social benefits "from cradle to grave" yet, economies generally doing well ….

The rest are green with envy …. generous social benefits "from cradle to grave" yet, economies generally doing well …. Finland, Denmark, Sweden & Norway in top 6 for competitiveness high standards of education, health & living standards – low corruption

ting
Download Presentation

generous social benefits "from cradle to grave" yet, economies generally doing well ….

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The rest are green with envy …. • generous social benefits "from cradle to grave" • yet, economies generally doing well …. • Finland, Denmark, Sweden & Norway in top 6 for competitiveness • high standards of education, health & living standards – low corruption • unemployment relatively low (but how real are figures?)

  2. HOW DO THEY DO IT? • painful restructuring in 80s/90s • manufacturing allowed to decline without paranoia • R&D and development of services privileged • example: Getinge, maker of medical respirators, 120 out of 300 in R&D • "mature", realistic attitude to globalization, outsourcing, delocating…… • workforces flexible – agree to adapt hours to work • more acceptance of dismissals • co-operative unions – management-union partnerships, not confrontation • workforce generally rejects protectionism – accept restructuring COST OF NORDIC MODEL? • high taxes: 50% of income compared to Anglo-Saxon 35% & French 42% • people accept it, as benefits are good ….

  3. SO, ALL IS ROSY IN GARDEN? • Nordic countries on upward curve, but nothing lasts for ever • high taxes are brake on economy: IKEA, TETRA PAK, SKYPE all based outside Scandinavia • massive benefits of oil to Norway, Steel in Sweden & wood pulp to Finland • Norway just elected leftish government ….. WHY NOT EXPORT THE “MODEL”? • human nature to want the benefits, but not the pain • cultural gulf between Northern & Southern Europe • being a large country not always a help (pretentions ….) • Adoption of Nordic model demands change in "Olde Europe" mindset

More Related