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Sunday, 18 September 2005 Chris SNUGGS, ISUGA 1 The Nordic Model ….
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Sunday, 18 September 2005 Chris SNUGGS, ISUGA 2 The Nordic Model …. generous social benefits "from cradle to grave" yet, economies generally doing well …. Finland, Denmark, Sweden & Norway in top 6 for competitiveness high standards of education, health & living standards – low corruption unemployment relatively low (but how real are figures?) The rest are green with envy ….
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Sunday, 18 September 2005 Chris SNUGGS, ISUGA 3 The Nordic Model ….
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Sunday, 18 September 2005 Chris SNUGGS, ISUGA 4 The Nordic Model ….
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Sunday, 18 September 2005 Chris SNUGGS, ISUGA 5 The Nordic Model ….
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Sunday, 18 September 2005 Chris SNUGGS, ISUGA 6 The Nordic Model ….
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Sunday, 18 September 2005 Chris SNUGGS, ISUGA 7 The Nordic Model …. high taxes: 50% of income compared to Anglo-Saxon 35% & French 42% people accept it, as benefits are good …. COST OF NORDIC MODEL? HOW DO THEY DO IT? painful restructuring in 80s/90s manufacturing allowed to decline without paranoia R&D and development of services privileged example: Getinge, maker of medical respirators, 120 out of 300 in R&D "mature", realistic attitude to globalization, outsourcing, delocating…… workforces flexible – agree to adapt hours to work more acceptance of dismissals co-operative unions – management-union partnerships, not confrontation workforce generally rejects protectionism – accept restructuring
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Sunday, 18 September 2005 Chris SNUGGS, ISUGA 8 The Nordic Model …. SO, ALL IS ROSY IN GARDEN? Nordic countries on upward curve, but nothing lasts for ever high taxes are brake on economy: IKEA, TETRA PAK, SKYPE all based outside Scandinavia massive benefits of oil to Norway, Steel in Sweden & wood pulp to Finland Norway just elected leftish government ….. WHY NOT EXPORT THE “MODEL”? human nature to want the benefits, but not the pain cultural gulf between Northern & Southern Europe being a large country not always a help (pretentions ….) Adoption of Nordic model demands change in "Olde Europe" mindset
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