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Nordic Capitalisms and GlobalizationNew Forms of Economic Organization and Welfare Institutions$
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Peer Hull Kristensen and Kari Lilja

Print publication date: 2011

Print ISBN-13: 9780199594535

Published to Oxford Scholarship Online: May 2011

DOI: 10.1093/acprof:oso/9780199594535.001.0001

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Sweden: From Large Corporations towards a Knowledge-Intensive Economy

Sweden: From Large Corporations towards a Knowledge-Intensive Economy

(p.183) 5 Sweden: From Large Corporations towards a Knowledge-Intensive Economy
Nordic Capitalisms and Globalization

Christer Peterson

Oxford University Press

This chapter describes a national business system built on large-scale manufacturing. By a combination of capitalism and socialism a centralized welfare state emerged, renowned as the Swedish Model. The model became questioned during the 1970s due to the growing globalization. We describe the transition by following a mature industrial company in a stagnating hosting mill town in a peripheral part of the country. The company had through M&A and shake-ups become a pawn in a global game. Through a combination of institutionalized social and neo-corporatist processes, activated by home returnees, entrepreneurial knowledge-based initiatives, innovation system funding, and a new form of stakeholderism, new modes of business were developed, which turned around the whole eco-system. The chapter claims that this experimentally organized economy has become a decisive mechanism in the ongoing transition of Swedish business system.

Keywords:   Swedish Model, corporatism, industrial service economy, local cluster, home returnee, innovation system, stakeholderism, experimentally organized economy

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