Nordic model
E25518
The Nordic model is a socio-economic system characterized by comprehensive welfare states, high levels of taxation, strong labor protections, and a mixed-market economy aimed at combining economic efficiency with social equality.
Aliases (3)
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
economic system
→
socio-economic model → welfare state model → |
| aimsFor |
economic efficiency
→
full employment → high living standards → social equality → |
| associatedWith |
coordinated wage setting
→
extensive public childcare → high human development index → high levels of social trust → low levels of corruption → relatively high unionization in the private sector → strong employment protection legislation → |
| basedOn |
progressive taxation
→
public provision of services → redistributive fiscal policy → regulated capitalism → universalism in welfare provision → |
| contrastsWith |
Anglo-Saxon economic model
→
liberal market economy model → |
| hasCharacteristic |
collective bargaining
→
comprehensive welfare state → extensive public sector → generous parental leave → high social mobility → high taxation → high union density → mixed-market economy → pension system with strong public component → publicly funded education → relatively low income inequality → social partnership → strong labor protections → tripartite cooperation → unemployment insurance → universal healthcare → universal social benefits → |
| implementedIn |
Denmark
→
Finland → Iceland → Norway → Sweden → |
| influencedBy |
Keynesian economics
→
labor movement → social democracy → |
| supports |
active labor market policies
→
collective wage bargaining → gender equality policies → high labor force participation → |
Referenced by (7)
| Subject (surface form when different) | Predicate |
|---|---|
|
Norwegians
→
Scandinavia → |
welfareModel |
|
Scandinavians
("Nordic social democracy")
→
|
associatedWithPoliticalModel |
|
Scandinavians
("Nordic welfare state")
→
|
associatedWithWelfareModel |
|
Nordic
→
|
hasEconomicModel |
|
Nordic countries
→
|
hasPoliticalModel |
|
Denmark
("Nordic welfare model")
→
|
hasWelfareSystem |