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Volume 53, July/August 2018, Number 4 · pp. 209-214


The Success of the Nordic Countries as a Blueprint for Small Open Economies

Johannes Tiemer

The Nordic countries are often used as role models for good governance in equality, education, sustainability and economic policy, regularly topping quality-of-life rankings. Their high degree of wage equality and their welfare states are cited as reasons for their continued prosperity. While not incorrect, it is not the sole reason for their success in continuously providing citizens with some of the highest standards of living.


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