Presentation on theme: "Athens July 4th 06_Dalum1 Conference on the Greek Industry Towards a Knowledge Based Economy Athens July 4-5, 2006 The Danish Economy: (1)Strong Macroeconomic."— Presentation transcript:
Athens July 4th 06_Dalum1 Conference on the Greek Industry Towards a Knowledge Based Economy Athens July 4-5, 2006 The Danish Economy: (1)Strong Macroeconomic Performance & Flexicurity (2) Is the Industrial Structure Sustainable for the Future Welfare Society? Bent Dalum IKE/DRUID and CTIF Head of Department of Business Studies Aalborg University, Denmark
Athens July 4th 06_Dalum6 The Government Budget in Denmark DØR F2005, s. 76 (www.dors.dk)
Athens July 4th 06_Dalum7 Flexicurity Denmark is probably the country in Western Europe where it is most easy to sack an employee. The ’trick’ is high level of unemployment benefits and a rather flexible workforce.
Athens July 4th 06_Dalum8 Low-Tech Export Specialisation Denmark is dominated by the low-tech industries in manufacturing exports. But that is – to a smaller extent - also an important feature for Sweden, Finland and the Netherlands (and Greece). In terms of multinationals: big diffences between Denmark versus Sweden, Finland and the Netherlands.
Athens July 4th 06_Dalum11 Solution of the Danish ’Paradox’? Knowledge based learning pervasise in the ’low- tech’ industries. But the industrial structure represent a constant ’uphill battle’. The Flexicurity model. Macroeconomic discipline. However, the long term demographic challenges are not sufficiently taken into account, yet?