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This book explores the relationship between democracy and the economy in contemporary political thought and policy-making. Using the concepts of economic, industrial and enterprise democracy, the author focuses on the history of Finland and Sweden during the latter part of the twentieth century. The three concepts are discussed in relation to various political groups, such as social democrats, conservatives and liberals, and the reforms that they were associated with, painting a picture of changing economic thought in the Nordic countries, and the West more generally. Arguing that the concept of democracy has evolved from representative parliamentary democracy towards ‘participation’ in civil society, this book demonstrates how the ideal of individual freedom and choice has surpassed collective decision-making. These shared characteristics between Finland, Sweden and other Western countries challenge the view that the Nordic countries have been exceptional in resisting neoliberalism. In fact, as this book shows, neoliberalism has been influential to the Nordics since the 1970s. Offering an innovative and conceptual perspective on European political history, this book will appeal to scholars interested in Nordic political history and modern European history more generally.
This study analyses the background to, and impact made by, one of the most ambitious and controversial policy innovations ever attempted in Sweden, namely the economic democracy reforms.
Over the course of the twentieth century, Sweden carried out one of the most ambitious experiments by a capitalist market economy in developing a large and active welfare state. Sweden's generous social programs and the economic equality they fostered became an example for other countries to emulate. Of late, Sweden has also been much discussed as a model of how to deal with financial and economic crisis, due to the country's recovery from a banking crisis in the mid-1990s. At that time economists heatedly debated whether the welfare state caused Sweden's crisis and should be reformed—a debate with clear parallels to current concerns over capitalism. Bringing together leading economists, Reforming the Welfare State examines Sweden's policies in response to the mid-1990s crisis and the implications for the subsequent recovery. Among the issues investigated are the way changes in the labor market, tax and benefit policies, local government policy, industrial structure, and international trade affected Sweden's recovery. The way that Sweden addressed its economic challenges provides valuable insight into the viability of large welfare states, and more broadly, into the way modern economies deal with crisis.
The Handbook provides a broad introduction to Swedish politics, and how Sweden's political system and policies have evolved over the past few decades.
A history of how Norway and Sweden became the envy of the modern world This is the history of how two countries on the northern edge of Europe built societies in the twentieth century that became objects of inspiration and envy around the world. Francis Sejersted, one of Scandinavia's leading historians, tells how Norway and Sweden achieved a rare feat by realizing grand visions of societies that combine stability, prosperity, and social welfare. It is a history that holds many valuable lessons today, at a time of renewed interest in the Scandinavian model. The book tells the story of social democracy from the separation of Norway and Sweden in 1905 through the end of the century, tracing its development from revolutionary beginnings through postwar triumph, as it became a hegemonic social order that left its stamp on every sector of society, the economy, welfare, culture, education, and family. The book also tells how in the 1980s, partly in reaction to the strong state, a freedom and rights revolution led to a partial erosion of social democracy. Yet despite the fracturing of consensus and the many economic and social challenges facing Norway and Sweden today, the achievement of their welfare states remains largely intact.
The Swedish Social Democratic Party, the SAP, is the most successful social democratic party in the world. It has led the government for most of the last six decades, participating either alone or as the dominant force in coalition government. The SAP has also worked closely with trade unions that have organized nearly 85 percent of the labor force, the highest rate among the advanced industrial democracies. Rarely has a political party been so dominant or so closely linked to labor movement. Yet Sweden remains very much a capitolist society with economic and social power firmly in the hands of big capitol.If one wants to know if politics, and most especially if reformist politics, matters - if, that is, political mobilization can change democratic capitolists societies - then Sweden under the Social Democrats is clearly one of the best empirical cases to study.Bo Rothstein uses the Swedish experience to analyze the limits a social democratic government labors under and the possibilities it enjoys in using the state to implement large-scale social change. He examines closely two SAP programs, one a success and the other a failure, that attempted to change social processes deeply embedded in capitolist society. He ties the outcomes of these programs to the structure of the state and hypothesizes that the outcome depends, to a considerable extent, on how administrative apparatuses responsible for implementing each policy are organized. Rothstein concludes that no matter how wisely a reformist policy is designed nor how strong the political party behind it, if the administrative arrangements are faulty, it will fail at the stage of implementation.Rothstein convincingly demonstrates that the democratic capitolist countries of the world have important lessons to learn from the Swedish experience regarding the possibilities for political reform. Political scientists and political reformers alike can learn much from Rothstein's deep knowledge of Swedish government and his innovative model for analyzing political reform in social democratic societies.
For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.