IDEAS home Printed from https://ideas.repec.org/a/cup/intorg/v41y1987i03p403-456_02.html
   My bibliography  Save this article

Nordic economic policies in the 1970s and 1980s

Author

Listed:
  • Mjøset, Lars

Abstract

Although the Nordic countries are small, open economies, they were able to benefit considerably from the expansion of the world economy during the “Golden Age” of the 1950s and 1960s. They achieved industrial diversification and consolidated welfare-state reforms. Throughout this period, several economic policy routines were institutionalized. These routines may be analyzed as parts of a specific economic policy model, determined by the economic structure and the pattern of political mobilization. It seems more fruitful to distinguish five such models rather than to use the generalizing notion of a “Scandinavian model.” In the 1970s, the world economic crisis posed new challenges for the Nordic countries. In the first phase of the crisis, economic policies continued to operate in accordance with the established routines. But structural problems, new patterns of political mobilization, and new forms of external pressure forced governments to shift towards austerity policies in the late 1970s. The extent and the specificities of these shifts are compared and the degree to which the economic policy models have changed assessed. Such an analysis is a first step to answer some crucial questions now facing the Nordic countries: Was their flexible adjustment merely the result of favorable conditions during the 1960s—or is it a permanent trait? Are they now trapped between large industrial nations and dynamic newly industrializingcountries? If so, what will be the fate of their advanced welfare sectors?

Suggested Citation

  • Mjøset, Lars, 1987. "Nordic economic policies in the 1970s and 1980s," International Organization, Cambridge University Press, vol. 41(3), pages 403-456, July.
  • Handle: RePEc:cup:intorg:v:41:y:1987:i:03:p:403-456_02
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0020818300027533/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Győrffy, Dóra, 2006. "Globális kihívások és nemzetgazdasági alkalmazkodás. A gazdaságpolitikai fegyelem intézményesítése Svédországban [Global challenges and international economic adjustment. Institutionalization of ec," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 540-559.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:intorg:v:41:y:1987:i:03:p:403-456_02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ino .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.