Chapter

The Co-evolution of Experimentalist Business Systems and Enabling Welfare States

Peer Hull Kristensen

in Nordic Capitalisms and Globalization

Published in print January 2011 | ISBN: 9780199594535
Published online May 2011 | e-ISBN: 9780191724909 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199594535.003.0001
The Co-evolution of Experimentalist Business Systems and Enabling Welfare States

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This chapter motivates the search for explanations to the economic success of the Nordic countries, summarizes how they improved performances from the 1990s until the financial crisis of 2008, and offers a reinterpretation of what is new about the global economy in terms of innovation dynamics. Then it shows that their national innovation systems are highly different, yet all seem to have developed learning organizations that make frequent organizational role-changes easy. This similarity is explained by the character of their welfare states which provide citizens with high levels of education and assist families with social services in order to make a highly demanding working life possible. Furthermore decentralization and corporatism provide a constitutional order that makes it possible to constantly create new complementarities between institutions, labour markets, and firms so they simultaneously are able to reconfigure roles and identities in the search for new positions in the global economy.

Keywords: economic performance; national business systems; innovation; welfare institutions; social services; decentralization; active labour-market policies

Chapter.  19570 words. 

Subjects: Political Economy

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