The Danish Negotiated Economy

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    Denmark is characterised by a number of distinct traits: a small and open economy, a stable democratic political system, a high proportion of organised wage earners covered by collective agreements, a political culture marked by social partnership, and a long tradition of institutionalised class cooperation. In this sense, Denmark has not only developed from a market to a mixed economy, but from a mixed to a negotiated economy.

    Because of its political history, the institutional structure in Denmark is hybrid. Market power and state authority are mixed in corporate bodies. Public authority is delegated to a large number of private and semipublic institutions, and decisions are taken in negotiations among mutually autonomous and collectively organised partners.
    Original languageEnglish
    Issue number11
    Pages (from-to)19-25
    Publication statusPublished - Aug 2012


    • Governance
    • Economics
    • Leadership and Management

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