Chapter

The Danish Model and the Globalizing Learning Economy

Bengt-Åke Lundvall

in Development Success

Published in print November 2012 | ISBN: 9780199660704
Published online January 2013 | e-ISBN: 9780191748943 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199660704.003.0005

Series: WIDER Studies in Development Economics

The Danish Model and the Globalizing Learning Economy

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Although Denmark shares certain attributes with the other four Nordic countries, such as a pragmatic Protestant religion, a small and homogenous population, strong social democratic parties, and an ambitious welfare state, it has its own characteristics. A high degree of specialization in the so-called low-tech sectors, combined with high mobility and income security in labour markets (‘flexicurity’), contributes to making the Danish system unique. Denmark has experienced some stagnation over the last decade, but still ranks among the top ten worldwide in terms of GNP per capita; registered unemployment is less than 2 per cent (at time of writing), while the inflation rate remains moderate. These goals for economic policy have been realized in an environment with a high degree of income equality. In this chapter, we use the concepts ‘innovation system’, ‘the learning economy’, and ‘learning modes’ to analyse the evolution of the Danish model and its lessons.

Keywords: economic development; welfare state; social cohesion; innovation

Chapter.  9816 words.  Illustrated.

Subjects: Economic Development and Growth

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