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Seeking refuge in the Nordic model: social policy in Iceland after 2008

Zoë Irving

in Social Policy Review 24

Published by Policy Press

Published in print June 2012 | ISBN: 9781447304470
Published online January 2013 | e-ISBN: 9781447307662 | DOI: http://dx.doi.org/10.1332/policypress/9781447304470.003.0015
Seeking refuge in the Nordic model: social policy in Iceland after 2008

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Small island states have not figured prominently in comparative analysis or welfare state modelling and Iceland has only recently gained popular notoriety as a result of its economic and environmental volatility. This article focuses on the Icelandic experience of twenty-first century financial crisis, and what this might reveal about the development of social policy. Iceland's position as the earliest country to face post-2008 economic collapse is significant in terms of lessons to be drawn regarding financial regulation and the political process. The post-crisis Icelandic welfare trajectory is even more significant however, in considering both the challenge (or not) to neoliberal hegemony posed by the global economic crisis and the extent to which welfare states are bound (or not) to particular patterns of national response.

Keywords: Iceland; Financial crisis; Small island states; Welfare states; Social policy

Chapter.  7997 words.  Illustrated.

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