Chapter

Experiences from two financial crises in the Nordic welfare states: 1990–93 and 2008–10 compared

Pekka Kosonen

in Social Policy in Challenging Times

Published by Policy Press

Published in print September 2011 | ISBN: 9781847428288
Published online May 2012 | e-ISBN: 9781447305521 | DOI: http://dx.doi.org/10.1332/policypress/9781847428288.003.0012
Experiences from two financial crises in the Nordic welfare states: 1990–93 and 2008–10 compared

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This chapter examines the 2008 economic crisis in three small Nordic countries: Denmark, Finland and Sweden. It compares the responses in these countries during two periods of economic turbulence: 2008–10 and the financial crisis of the early 1990s. The point of departure is the inherent instability of financial markets and the challenge financial difficulties present for universal Nordic welfare states.

Keywords: Denmark; Sweden; Finland; Nordic financial crisis; Nordic welfare states

Chapter.  4938 words. 

Subjects: Economic Sociology

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