Like a phoenix from the ashes?: Reassessing the transformation of the Swedish political economy since the 1970s

Gerhard Schnyder

Like a phoenix from the ashes? Reassessing the transformation of the Swedish political economy since the 1970s

Gerhard Schnyder^*

^*Corresponding author for this work

King's Business School

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This contribution reassesses the evolution of the Swedish model since the 1970s across different institutional spheres. It addresses two questions. Firstly, why did a system that was based on strong complementarities undergo such extensive changes? Secondly, what explains Sweden's recent return to strong social and economic performance? The decline of the Swedish model is explained by the endogenous nature of change, which was sparked off by 'normative dissonances' that led actors to 'defect' from crucial institutions, leading to knock-on effects on other spheres through changing political strategies and macro-level political coalitions. It is further argued that the new complementarities that have emerged after 1995, while providing new sectors with institutional advantages, also contain sources of normative dissonances, which make the long-term viability of the 'new model' doubtful.

Original language	English
Title of host publication	Changing Models of Capitalism in Europe and the U.S.
Publisher	Taylor and Francis Inc.
Pages	18-37
Number of pages	20
ISBN (Print)	9781317625629, 9781138801486
Publication status	E-pub ahead of print - 14 Apr 2016

Cite this

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ER -

Like a phoenix from the ashes? Reassessing the transformation of the Swedish political economy since the 1970s

Abstract

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