An Evolving Asian-European Dialogue
Edited by Stein Kuhnle, Per Selle and Sven E.O. Hort
Chapter 10: Globalization and the Nordic welfare states
The chapter assesses the challenge of globalization for the sustainability of the Nordic welfare states. It discusses the role of globalization in an observed trend towards higher inequality in the Nordic countries; whether globalization has put more pressure on minimum wages; whether the Nordic countries face a ‘race to the bottom’ of taxes; and, finally, whether these countries face problems with competitiveness and economic performance. Based on analysis of data over several decades it appears that globalization seems overall to offer more opportunities than threats. There is hardly any evidence that globalization leads to much larger wage dispersion, and the Nordic countries have so far kept up with the challenge of high minimum wages. When considering the challenges of taxes and competitiveness, the comprehensive Nordic welfare states perform better than most countries. Public attitudes towards globalization are generally positive. The biggest challenges appear to be integration of low-skilled immigrant refugees in the workforce, and to maintain high minimum wages.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.