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An authoritative and comprehensive guide to major economic policy issues in Denmark. Leading Danish and international economists discuss, in comparative context, the Danish economy's performance in the last 40 years, and assess the challenges which Denmark - in common with other small, open economies - faces in the global economy today. Major features include the continuing of academic analysis with policy-making experience and expertise, and the examination of topical issues including the impact of EMU on 'outsider' nations.
This book examines the transformation of contemporary social democracy through the concept of "third way" reforms. It proposes a set of theories about the possibility for continuing social democratic ideological adaptation, for ideologies to overcome institutional constraints in triggering path-breaking innovations, and for social democracy to bridge the insider-outsider divide. Empirically, the book utilizes these theories to account for social democratic welfare state and labor market reforms in nine OECD countries after the end of the Golden Age. Based on the logic of "public evils," the book proposes that the ideologically contested nature of institutions provides incentives for institutional innovation. Social democratic ideology shapes the fundamental characteristics and content of the third way policy paradigm, and the paradigm's practical implementation continues to be path-dependent on historical institutional settings.
Creating Nordic Capitalism illuminates how the economies of five small North European countries; Denmark, Finland, Norway, Iceland and Sweden, became so competitive during the twentieth century.Through rigorous analysis the authors propose and describe the defining features of Nordic capitalism.
This first OECD review of the reconciliation of work and family life looks at the challenges parents of young children confront when trying to square their work and care commitments, and the implications for social and labour market trends.
The outbreak of the financial crisis in 2008 has had significant effects on economic activity, unemployment, and public finances for all European countries. However, European economies do not form a homogenous region, and any serious analysis of macroeconomic imbalances in Europe must account for the fact that different economic and political models and circumstances operate across the continent. This book focuses on the Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden) which have a relatively good record of undertaking fiscal and structural reforms after their own financial and debt crises in the 1980s and 1990s. The Nordic countries are small and open economies, well-known for their high income levels, high employment rates, organized labour markets, a relatively equal distribution of incomes, and large public sectors. From this perspective, the book asks whether there are lessons that might be learned from the Nordic economies. Is there a distinctive Nordic model that could be usefully followed, by other small open economies, in terms of fiscal and monetary policy design, labour market policies and reforms, and financial and housing market regulation? It is inappropriate to define the Nordic model in terms of a common set of policies. Since the key characteristics, including the overarching objectives and supporting institutions, have strong historical foundations, copying and pasting them to other countries is not easily done. Even though the Nordic experiences are not directly transferable, they may add new knowledge about the importance of institutional design, fiscal consolidation, and structural reforms not only for macroeconomic performance but also for how to preserve key objectives such as social balance and equity.
International aspects are increasingly important for economic developments and for economic policy formation. This up-date comprehensive second edition provides an introduction to the structure and institutions of the Danish economy from an international perspective. The book provides a thorough treatment of key facts, integrating analyses of recent developments, as well as policy discussions. The book is designed for students and professionals who want a comprehensive overview of the Danish economy, its institutions, and its relations to the international economy. The Danish Economy, with its broad non-technical approach, may be used as both a textbook and as a handbook for those who want to focus on specific topics.
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The need for pension reform is widely discussed against the backdrop of falling fertility rates and rising longevity. These developments challenge pension systems which in many countries already encounter problems with pension adequacy and financial sustainability. In the debate, reference is often made to Denmark as a model for pension system reform. This book offers the first coherent and in-depth description and analysis of the Danish pension system and its structure and performance. As is well-known to scholars and experts, there is a huge leap from considering general characterisations of pension systems in terms of various performance indicators to understand the structure of particular pension systems. This book aims to introduce these aspects to an international readership, explaining the structure and design of the pension system and its performance, benefit structure, regulation, critical reforms, and macroeconomic implications, as well as investment policies in pension funds in general.
Contains a selection of papers from an October 1997 conference held in Amsterdam, focusing on the economic consequences of structural reform policies in Denmark, The Netherlands, New Zealand, and Norway. Contributors examine policies aimed at improving the underlying path of growth, employment, and saving-investment balances of the economy and apply innovate methods to measure and model structural reforms. They examine areas of competition policy, regulation of entry barriers, quality of education and training, and employment protection rules.
Denmark's large welfare state and its open market economy have successfully delivered relatively high standards of living. Danish regulatory reform has proceeded with many pragmatic steps that have contributed to solid economic performance, management of economic and social adjustment to changing conditions, and improved efficiency of government services. However, sheltered sectors, including service industries, still suffer from co-operation and price fixing, contributing to high consumer prices. The competition regime is weaker than in many other countries, and so are regulatory regimes in.