The Nordic mannequin is often labelled social democratic, in contrast with the conservative continental model and the liberal Anglo-American model. Major reforms within the Nordic nations are the outcomes of consensus and compromise across the political spectrum. In Denmark, Norway and Sweden, key reforms were implemented underneath social democratic cabinets whereas in Finland and Iceland centre-proper parties dominated through the implementation of the mannequin.
Since World War II, Nordic countries have largely maintained a mixed financial system. These countries have been characterised by labour pressure participation, gender equality, egalitarian and universal benefits, redistribution of wealth and expansionary fiscal policy. By 1920, the Red Army underneath Trotsky had largely defeated the royalist White Armies. In 1921, War Communism was ended and under the New Economic Policy (NEP) private ownership was allowed for small and medium peasant enterprises. While industry remained largely state-controlled, Lenin acknowledged that the NEP was a needed capitalist … Read More